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Home / Opinion Digests / Business Law / Seller Wants to Stop ‘Requirements’ Contract (access required)

Seller Wants to Stop ‘Requirements’ Contract (access required)

Plaintiff manufacturer of a lead-based fuel additive sold to defendant on a requirements contract can seek a declaratory judgment that it has the right to terminate the contract, based on an alleged collapse in the market for the lead-based additive; the Richmond U.S. District Court denies defendant buyer’s motion to dismiss. Plaintiff Innospec, a fuel additive ...