2 ms·
Not sure why you'd need a specific law. I'm not an expert (or lawyer) but damage caps are a pretty common feature of big contracts and AFAIK they're perfectly e
by kgermino 4y ago
Not sure why you'd need a specific law. I'm not an expert (or lawyer) but damage caps are a pretty common feature of big contracts and AFAIK they're perfectly enforceable.
The legal commentary I've seen on this deal states that monetary damages are capped at $1B (and actual damages would obviously be much higher) so the two outcomes are basically 'Musk forced to buy Twitter' and 'Musk pays Twitter $1B' without much in between. Assuming the lawyers who took the time to read the contract know what they're talking about it would be a pretty big surprise for the Delaware Chancery to throw out the contract and award higher monetary damages.