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Paul Porvaznik – Business Litigator

Case Notes and Summaries of Recent Cases (State and Federal Courts – Illinois Focus)

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The Statute of Frauds ‘One-Year Rule’ (IL Law Basics)

The Statute of Frauds (SOF) requires certain contracts to be in writing to be enforceable.  (See earlier post here).  740 ILCS 80/1; 810 ILCS 5/2-201 (UCC analog). The SOF’s “one-year rule” posits that any contract that can’t possibly be performed within the span of one year from the date of making must be in writing.  The purpose of the one-year …

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Posted byPaulPMay 17, 2014November 28, 2017Posted inContract LawTags: Chicago, Chicago Bears, commercial litigation, Da bears, Equitable estoppel, one year rule, oral lease, personal seat license, promissory estoppel, PSL, statute of frauds, year-to-year lease
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