Lost Profits Available For Long-Term Contract Breach
Client Alert | less than 1 min read | 11.28.06
After finding that the government had breached by not honoring the exercise of a 50-year option by a lessee, the Court of Federal Claims in California Oregon Broadcasting, Inc. v. U.S. (Nov. 6, 2006) rebuffed the government's argument that lost profits were too speculative to recover. The court pointed out that the lessee had previously rented out the land and could make a factual showing to support profits from the leasehold into the future.
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Securities Law for Entrepreneurs
Do you want your startup to expand and become a major player in your industry? If so, you will most likely need to seek capital from outside investors to help you build infrastructure and fulfill orders.
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Fifth Circuit Vacates EPA's Methylene Chloride Rule: A Landmark Decision Reshaping TSCA Section 6
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