A Concerned Man’s Rant
I thought about an old client today. He had a sweet deal. Too sweet, according to a wise man I knew from another life. “The other side can’t operate, with your client’s contract. Give the man a break.”
My client grew up believing in the sanctity of anything and everything which advantaged … him. “No way,” he told me. “In America, a contract matters!” Not so much, it turns out, with an executory contract and the Bankruptcy Court. (Executory contract? A contract which requires performance in the future.) A Chapter 11 proceeding terminated the contract, leaving my client in the cold, literally.
The old case came to mind on account of lots of talk