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(07-26-2019 11:51 AM)Def Berkkat Wrote:  

(07-26-2019 11:23 AM)bearcatlawjd2 Wrote:  

(07-26-2019 11:14 AM)Def Berkkat Wrote:  If it were up to me, a Tony Soprano looking guy would be standing in the exit smacking a tire iron in his hand saying "Dat'll be seventeen million... please."

Whatever happened to that 27 month notice crap??? Contracts mean nothing now days.

All you have to do is trot in a couple carpet bagger attorneys and threaten to drag things out in court for a decade.

Loser pays. That would fix it.

Contacts are made to be broken with damages clauses. UConn is paying a larger exit fee.

I have taught students that breaching or breaking a contract allows for market efficiency on both sides.

Way too many people confuse this issue. There is a big difference between the ethical duty to keep a promise and the legal analysis of contract breach. If there bad behavior in the performance of the contract like fraud or dishonesty that creates a ethical issue. People and organizations are allowed out of contracts.

So... what's the purpose of a contract in the first place?

To protect both sides. The conference would not be getting 17 million if there wasn't a contract.