Wisconsin Contract Legality Guide

Summary

Contracts in Wisconsin must comply with state laws, including usury limits, which typically cap interest rates at 12%. Non-disclosure clauses are enforceable if they protect legitimate business interests and are not overly broad. Contracts should not be excessively one-sided or unfair, as this may render them unconscionable. Terms that impose extreme restrictions on a partys actions may be scrutinized for fairness. Always review contract terms for compliance and fairness, and consider consulting a legal professional for specific advice.

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Here's some general legal information regarding your contract in Wisconsin:
- Enforceability of Terms: Wisconsin law generally allows parties to contract freely, but certain terms, such as extreme restrictions on the borrower's actions, might be considered unconscionable.
- Usury Laws: The interest rate you mentioned (*%) is high and might exceed Wisconsin's legal limits, which usually cap at *% unless specific exceptions apply.
- Non-Disclosure Clauses: These are enforceable if they protect legitimate business interests and are not overly broad.
- Unconscionability: Courts in Wisconsin will not enforce a contract if it's deemed excessively one-sided or unfair.
Do you need more details on any specific term or clause in the contract?
Do you think it’s fair
It's difficult to determine fairness as fairness is subjective and depends on various factors. However, some terms in your contract, such as the high-interest rate and extreme control over the borrower's actions, might be considered unconscionable in Wisconsin.
Would you like more detailed information on Wisconsin’s usury laws or unconscionability?