Court Of Chancery Outlines Remedies For Documentation Mistakes

Posted on January 14, 2011 by Edward M. McNally

Great-West Investors LP v. Thomas H. Lee Partners LP , C.A. 5508-VCN (January 14, 2011)

Sometimes a contract cannot have been intended to mean what is says. This decision is an example where the contract read literally would require 1 party's compensation to double every year forever. The opinion contains a good overview of the remedies available in such a situation.

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