The MAC provision -
A material adverse change (“MAC”) provision (depending on where or how it is used) typically references a material adverse change in the business, assets, properties, liabilities, operations, condition...more
In a recent decision, the Texas Supreme Court upheld a contractual waiver of punitive damages despite a finding of fraud by the seller in the sale of a supposedly new aircraft that instead contained used and repaired engines....more
In This Issue:
Buyer Beware: Court Upholds Punitive Damages Waiver in Case Alleging Fraud for “New” Aircraft Sale -
Embraer v. Dougherty Air Trustee: Avoiding Foot Faults in Your Residual Value Guarantee Contract -...more
5/22/2019
/ Aircraft ,
Aircraft Sales ,
Airlines ,
Aviation Industry ,
Best Practices ,
Breach of Duty ,
Contract Disputes ,
Due Diligence ,
Federal Aviation Administration (FAA) ,
Manufacturers ,
Punitive Damages ,
Purchase Agreement ,
Transportation Industry ,
TX Supreme Court