Luke Baines聽
CommentMAC clauses: Phantom menace
Material Adverse Change clauses are often included in commercial contracts but rarely enforced. Developers need to be aware of what can happen when they are, as a recent case has shown
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Two鈥檚 company, three鈥檚 a mess
The sudden insolvency of a main contractor is always bad news. And if the contractual relationships are not clear it can be even worse, as this case shows