Comment Re:Precedent? (Score 1) 63
None of this matters in court of law. What matters in court of law is what is written in the contract, what is written into law, and what is the precedent in similar cases.
"We signed the contract and other party to it followed the terms, but we need to take pecuniary losses to meet our contractual obligations today, so we want to renege on our obligations" normally leads to "cool story bro, you're ordered to follow the contract" in court.