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Articles Posted in Rescission of Contract

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Illinois Appellate Court Reverses on Ambiguous Contracts and General Release Language

In October 2006, Stericycle Inc. entered into a contract with RQA Inc. to buy a segment of its business for $8 million. Stericycle acquired the unlimited right to use RQA’s software. In addition, the two companies entered into a non-competition agreement. In 2010, the two companies contracted again, this time…

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Illinois Appellate Court Distinguishes Between Contract Rescission and Non-Performance of Contract

In November 2006, Jose Lopez lent Jesus Quintana $20,570.  The purpose of the loan was for Quintana to purchase a car.  There was no written agreement for the loan, just an oral contract.  According to Lopez’s lawsuit, Quintana defaulted on the loan by choosing not to make his payments in…

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