Setoff, Recoupment, and Counterclaim Under Commercial Law | Practical Law

Setoff, Recoupment, and Counterclaim Under Commercial Law | Practical Law

A Practice Note comparing and contrasting setoff, deduction, recoupment, and counterclaim relating to sale of goods and services agreements and other commercial contracts. It addresses the availability, use, and effect of these concepts under state law, discusses the similar concept of netting, and helps buyers identify available remedies for a seller's breach, especially if the buyer has already accepted the goods or services.

Setoff, Recoupment, and Counterclaim Under Commercial Law

Practical Law Practice Note 5-535-0905 (Approx. 10 pages)

Setoff, Recoupment, and Counterclaim Under Commercial Law

by Practical Law Commercial Transactions
MaintainedUSA (National/Federal)
A Practice Note comparing and contrasting setoff, deduction, recoupment, and counterclaim relating to sale of goods and services agreements and other commercial contracts. It addresses the availability, use, and effect of these concepts under state law, discusses the similar concept of netting, and helps buyers identify available remedies for a seller's breach, especially if the buyer has already accepted the goods or services.