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Literally all of the important stuff. In a recent contract I worked on the definition of "material adverse effect" took up a page of single spaced 12 point tim
by libertymcateer 10y ago
Literally all of the important stuff.
In a recent contract I worked on the definition of "material adverse effect" took up a page of single spaced 12 point times new roman text and had about two dozen other definitions involved. Each one of those terms, at its root, comes down to a judgment call that is subject to disagreement among reasonable people. This is why we have trials.