Search results
Oklahoma courts will not enforce contracts involving illegal activity. 15 O.S. §102 states “The object of a contract must be lawful and possible and ascertainable by the time the contract is to be performed.” In section 103, it defines possibility as “everything except that which is impossible.” Examples:
Dec 28, 2023 · The courts could uphold or enforce the agreement or even award one party damages because the other has not held a verbal contract. Someone who has gotten burned by a verbal contract before may, unfortunately, learn the hard way how important it is to negotiate clear terms and sign a written agreement when doing business.
- 1300 E 9th St, Suite 10, Edmond, 73034, OK
- (405) 216-8661
"Lawful purpose" means the goal(s) of the contract may not be illegal, nor may the means necessary to achieve the goal. Contracts for an illegal purpose are "void, and courts will not enforce them, nor will courts order whatever was given to be returned. Gambling and prostitution are examples of contracts for illegal purpose in Oklahoma.
- Patrick L. Stein
- A. An Illustrative Hypothetical
- D. The Per-Obligation Theory Better Advances the Purposes of the Choice-of-Law Rules
Follow this and additional works at: https://digitalcommons.law.ou.edu/olr Part of the Conflict of Laws Commons, and the Contracts Commons
Before proceeding further, it is prudent to provide a hypothetical contract that illustrates the concerns and objectives of our inquiry. Suppose that an oil well operator hires a contractor to drill seven oil wells. Four wells are to be drilled in State Y and three in State Z. The operator’s nerve center is located in State X while the drilling c...
“The general aim of choice of law is to apply the law that makes the most sense in settling the legal dispute before the court.”274 In the majority of cases, the “principal place of performance” and “per-obligation” approaches will result in the same conclusion because most disputes will center on the place where the most performance occurs. Howe...
- Patrick L. Stein
- 2011
However, sometimes a court might hold a contract enforceable, but rule that certain clauses in a contract are NOT enforceable (and thus the whole contract is NOT enforceable). Contracts are not always “the whole enchilada” that they claim to be. A really good example of a clause that a court in Oklahoma might hold to be unenforceable is a ...
2006 Oklahoma Code - Title 15. — Contracts. OKLAHOMA STATUTES. TITLE 15. CONTRACTS _____ §151. Contract defined. A contract is an agreement to do or not to do a certain thing. R.L.1910, § 875. §152. Requisites of a contract. It is essential to the existence of a contract that there should be: 1. Parties capable of contracting. 2. Their ...
People also ask
What is defined as a contract in Oklahoma?
What law governs the execution of a contract in Oklahoma?
Should Kansas law govern a contract in Oklahoma?
Does Oklahoma have a contractual choice-of-Law Resolution?
Is Oklahoma a contractual choice-of-law state?
Does Oklahoma law govern a contract with a Tulsa Corporation?
In Oklahoma, a contract will be governed in accordance with Oklahoma’s choice-of-law principles “unless otherwise agreed and unless contrary to the law or public policy of the state where enforcement of the contract is sought.”25In other words, an Oklahoma court will enforce a choice-of-law clause that complies with Section 187 of the Restatement (Second) of Conflict of Laws.26 Therefore ...
