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Parol Evidence Rule | Contracts | Terms and Meaning

We have finished with defenses and excuses. However, before we move on to breach, we need to make sure we've nailed down the terms of the contract and the meaning of those terms. After all, we can't determine whether a party has breached unless we know exactly what the promised to do in the first place. This lesson covers the parol evidence rule. The rule addresses situations where the parties have executed a written contract and one of them is now seeking to offer evidence of something external to the written contract for purpose of adding or changing a term of contract from what the written contract reflects. Chapters 00:00 - Introduction 01:09 - Typical factual scenario for parol evidence rule 03:44 - A working example 10:06 - Walking through the 4 steps of the parol evidence rule 10:19 - (1) Parol evidence issue? 11:26 - (2) Determining integration 23:16 - (3) Admissibility of evidence 30:44 - (4) Exceptions 38:58 - Recap and flowcharts 46:32 - Conclusion/Outro