Quote:
Originally Posted by marketsmart
thats why lawyers have insurance and thats why one should use them..
if you lost a case in court due to the wrong interpretation by your lawyer(s) then you can sue your lawyer..
i would be interested in hearing more about your case where you had to pay 6 figures..
did your lawyer suck or was their lawyer that much better?
or did you make the mistake of relying on people with no legal training to interpret the contract?
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We paid 6 figures to our clients which I do not regret, we did not collect the same payments from our contractual partners that had the direct contract with the telecoms via interconnect agreements.
We could not collect as our contract said we would be paid when they got paid and passed on the payments. If they did not get paid there would not have to legally pay but only make an effort to collect the payment, not collect based on their best effort.
Our contract was vague, although it was about 20 pages, it's a lesson learned and mistake that will not repeat.
Personally I think a few people got some fat bonuses to pull that stunt but can't prove it and we did spend a lot of money trying to challenge it and ultimately decided to put it to rest.
It taught us a very important lesson, I would never put a client in the same position if I had previously told them I would pay. I pay. (granted you do not engage in criminal activity)