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Home / Business Law / SCV: Teaming agreement didn’t create binding subcontract (access required)

SCV: Teaming agreement didn’t create binding subcontract (access required)

After a $12 million jury award on breach-of-contract and fraudulent inducement claims, the circuit court did not err in vacating the verdict. Lost profits are not recoverable for a fraudulent inducement claim when they are premised on the unenforceable provisions of a contract. Background In 2012, the U.S. State Department solicited bids for a visa processing contract ...