Management Buzz 06/03
Entrepreneurs benefit from a favorable legal decision; tracking your customer complaints
By Joanne Cleaver •
Opinions expressed by Entrepreneur contributors are their own.
Know YourLimits
Failure to fulfill a contract is just that, and no more, ruled theU.S. Circuit Court of Appeals in California in January. Itsdecision in Robinson Helicopter Co. Inc. v. Dana Corp.prevented the helicopter manufacturer from raking in damages alower court had awarded because Dana Corp. had sold RobinsonHelicopter Co. Inc. faulty parts and then covered it up. Becauseother state courts have made similar decisions, the Californiadecision fuels an emerging national precedent, say lawyers on bothsides.
The decision is good news for entrepreneurs because it clearlydefines the upside and the downside of a contract, says Edwin V.Wood-some Jr., the Los Angeles lawyer whose firm, Howrey Simon Arnold &White, represented Dana Corp.
Continue reading this article — and all of our other premium content with Entrepreneur+
For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:
- Digestible insight on how to be a better entrepreneur and leader
- Lessons for starting and growing a business from our expert network of CEOs and founders
- Meaningful content to help you make sharper decisions
- Business and life hacks to help you stay ahead of the curve
