Failure by either Party to deliver - GMSLA Provision
Commentary
Mini close-out
See the discussion on mini close-out under the 2010 GMSLA (and the 1995 OSLA for that matter) and also the general discussion with regard to this clause in its wider context at clause 9.
. Note also the clear exclusion of indirect and consequential losses, as well as losses to which the Transferee is contributorily negligent. I just made up adjective contributorily. You might think that is a bit reckless*. But it is actually a word.
*I expect careful attorneys to be rolling around on the floor laughing at this bon mot.
Related Provisions
update to anat|gmsla
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