3.01 Damages claims under complex long-term contracts are different from those under discrete transactions such as isolated sales operations, or simple long-term contracts such as lease contracts. To develop a damages claim for the breach of complex long-term contracts, it is necessary to understand their fundamental structures and mechanisms. The aim of this chapter is to provide such insight. 3.02 We start this chapter with an overview of the development of complex long-term contracts. We then follow with an analysis of the nature of such contracts and the core...
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