Perils of negotiating contracts


Problem 1: What is the relevance of the fact that the parties negotiated at length for the supply contract and both were represented by competent counsel? Would the result have been the same if AVX had been a much less sophisticated and powerful party who, perhaps, was not represented by counsel in the negotiations?

Problem 2: In light of the Cabot case, what lesson(s) did you learn about the perils of negotiating contracts? How will this help you in future business dealings?

https://caselaw.findlaw.com/us-1st-circuit/1205834.html

Not necessarily has to be this website as long as is this case :

AVX CORPORATION AVX v. CABOT CORPORATION.

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Business Law and Ethics: Perils of negotiating contracts
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