You sign a $6 million supply agreement with a Texas manufacturer for your Long Island City distribution business. The contract says, "This agreement shall be governed by Texas law." Eighteen months later, the manufacturer breaches. Your New York lawyer pulls the contract, reads page 23, and tells you Texas law caps the consequential damages you were planning to claim and bars an entire theory you would have had under New York law. That one buried sentence just cost you millio
Reza Yassi
Jun 15
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