Business Contracts – Lessons Learned from COVID
as published in the Boston Business Journal, and The American Bar Association Peter Kelman, Esq. Several weeks ago, a client asked for advice with respect to this COVID induced situation. His best customer had retained his company to perform $2,000,000 worth of services to host an elaborate corporate party in May of this year. My client had already received $1,500,000 under the contract, and had spent about $1,000,000 in advance payments to vendors. Given COVID, the customer notified my client that the party was off and that it was cancelling the contract. The customer wanted his money back. My …