1. Introductory comments

As the saying goes, the best contracts are the ones which spend eternity gathering dust in a binder way up on the highest shelf. In such a case, performance had proceeded smoothly, the respective parties delivered on time, payment was duly remitted and everything went off without a glitch – in short, nobody had any need to revisit the exact terms of the covenant. But fate has her own ideas, and things aren’t always so rosy in practice (...)

 

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