20Oct
Repurposing Real Estate Development to Counter Weakened Demand: Know the Risks Before Terminating Contracts
Pacta sunt servanda, i.e., agreements must be kept. This applies in both good economies and bad. Companies considering a modification of their business operations to offset lower revenue must be mindful of existing commercial contracts. Implicit in almost every New York agreement is a covenant of good faith and fair dealing in the course of performance. Output and requirements contracts are an exception, however....
By:
Robinson+Cole Construction Law Zone
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