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Mr. Sun
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Post#41 » by Mr. Sun » Thu May 1, 2008 8:36 pm

TheUrbanZealot wrote:-= original quote snipped =-

Again, you are missing the implication of the letter. While asking for 1/2 billion dollar stadium from the legislature certainly doesn't qualify as good faith best effort for any of us on here, it was Bennett's call as to what good faith best efforts "process" was attempted. Remember, the letter doesn't specify what a good faith best effort process is! That in itself protects Bennett, unless you are dealing with a judge whose moral fiber significantly overrides his/her retentiveness in backing legal "technicalties"


Later process has nothing to do with misrepresentation to induce the sellers to sale. IF buyer had no intention of remaining in Seattle then all the process in the world to remain cannot be seen as good faith and best effort, especially in light of the fact they already sought and gained approval to move from the NBA.

"letter doesn't specify what a good faith best effort process is"

Yes it does. See one of my other posts.
colombianbrew
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Post#42 » by colombianbrew » Fri May 2, 2008 6:37 am

I can't claim familiarity with American contract law, but I do believe that in Canada, a section like 3.8 would be negated if the contract was entered into in bad faith.

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