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Commercial real estate

Feb 7, 2022

Benefit-of-the-bargain damages award upheld

The Virginia Supreme Court has upheld a Danville Circuit Court decision awarding $200,000 for benefit-of-the-bargain damages and $42,500 in attorney’s fees to a seller for the breach of a commercial purchase agreement. “We find no fault with the trial court’s finding that [Joshua] Payne and [Dr. Aijt] Chauhan breached the Purchase Agreement by failing to […]

Jun 21, 2021

Off the hook: Contractual performance excused due to COVID

As businesses have suffered and shuttered over the course of the COVID-19 pandemic, countless contractual obligations have gone by the wayside. In ensuing litigation, many businesses have sought to escape or limit their liability for contractual nonperformance, citing various considerations related to the pandemic. In two recent decisions, in Massachusetts and New York, courts have […]

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