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 ...

Tagged with: Commercial real estate Supreme Court of Virginia

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 ...

Tagged with: Business Law Commercial real estate Contract covid Force majeure Insurance Pandemic