09-24-2024, 02:37 PM
(09-24-2024, 12:08 PM)Giants Wrote: A legal question for our attorney-posters….
1. Entity A signs a contractual agreement to pay Entity B a set fee if after one year of doing business together Entity A decides to poach assets from Entity B. The set fee is based upon the number of assets poached.
2. Following the poaching of multiple assets from Entity B, Entity A files a lawsuit claiming they do not owe the set fee because Entity A was under duress at the time of signing the contract because to do otherwise would have led to the extinction of their business. In other words, B had A over a barrel and took advantage of their position.
In your opinion, does A have a case? If so, shouldn’t B have known their position was built on a sandy base and would not stand up to a legal challenge? Why in the world wouldn’t their legal staff know this?
College athletics today - a world in which contracts mean nothing and the new motto is “See you in court”.
This sounds a bit like the Pac-12's suit against the MWC.
Pac-12 Conference files lawsuit against Mountain West over potential 'poaching fee' (msn.com)
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