Looking for advice on this situation. Contract Has $50K Liquidated Damages for Early Termination - Enforceable? Is this as bad as I think?smh.
Details: I'm in a situation where I need to understand my legal options. Has anyone dealt with something similar?
The UCC governs sale of goods contracts; common law governs services. The rules are different. Make sure you're looking at the right framework for your situation.
Update: Thanks everyone for the guidance. I consulted with an attorney and we're moving forward. The advice here helped me understand what questions to ask and what to expect. Will update when there's a resolution.
Same boat here. The waiting is the hardest part.