Contract Clause Vs Contracts Clause

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Article 1 of the United States Constitution-within its ten sections-establishes the collective rights of all legislative bodies in the United States, such as Congress, the House of Representatives, the Senate as well as the individual State governments. Specifically, within Section 10, it is written that a State is not allowed to pass any law that “impairs the obligation of contracts.” This is known as the Contracts Clause. The Contracts Clause disallows any State to invalidate anything on a nationwide level, including the levying of taxes or the abolition of contracts. ( Article 1, Section 8 of the U.S. Constitution gives Congress express authority to grant authors and inventors exclusive
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