Luke Baines
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
- Comment
Two’s company, three’s 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