Tiara Decision Doesn't Signify Endless Tort Claims

Law360, New York (August 14, 2013, 1:10 PM EDT) -- Contracts are an integral part of every company’s daily life.

Negotiating a contract allows the company to evaluate the transaction and hammer out an accord that allocates risks and rewards in a satisfactory way. Executing and performing the contract permits the company to realize these rewards by exchanging with a counterparty the consideration provided by the agreement. And, if necessary, a suit on the contract calls upon the parties to seek the enforcement of the terms of the agreement so as to protect each party’s interests....
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