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contracts
When A One-Page Proposal Becomes a Binding $14M Contract
Submitted by David Larsson on Thu, 05/14/2009 - 11:33Would it surprise you to know that a one-page "Final Proposal" that is "subject ... to the terms and agreement of a formal agreement" is a binding contract that's going to cost the buyer over $14.4M (more than $20M, with interest)? Well, the buyer certainly seems to be surprised; incredulous, in fact.