Craig Molton

Craig is a contributor to our knowledge blog and newsletter, with a specific interest in commercial topics. He also supports our course designers in devising engaging online business law courses. Craig holds dual degrees in business and law and has previously worked in the finance industry. He is an avid investor, marathon runner, and dog lover.

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Contractual Conditions

Sometimes performance of a contractual obligation may be contingent upon the occurrence of a condition.  Including a condition in a contract may also help regulate when performance is due. There are distinct types of conditions. Concurrent Conditions The first type are concurrent conditions. Here, both contractual promises are to be performed at the same time. …

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Illegal contracts

Illegal Contracts (Illegality)

Based on public policy considerations, only legal contracts or legal contractual provisions can be enforced.  There is no remedy to enforce illegal contractual agreements. What is an Illegal Contract? There are several examples of illegal contracts, including: Those that violate a statute, for example contracts that charge excessive interest rates Agreements concerning the commission of …

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Case Brief: Osprey v. Kelley-Moore Paint

Osprey v. Kelley-More Paint, 984 P.2d 194 (Okla. 1999) is an Oklahoma Supreme Court case. The case concerns the validity of an acceptance and underlines the importance of precision when it comes to drafting contracts. Facts The appellant, Osprey, was an Oklahoma limited liability company that owned commercial property in Edmond, Oklahoma. The appellee, Kelley-Moore …

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Types of Contracts

There are a number of different types of contracts and it is important to distinguish between them. This is important because there are specific rules that apply to certain types of contracts, namely with regards to how they are formed and whether or to what extent they are enforceable between the parties. Here, we will …

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