Kraig Biocraft Laboratories Inc (KBLB)

[arachnodude]

the kings promised to market and promote the product once kblb provided them with that product...providing the product HAD to occur first...and that never happened...its as simple as that...

Go read the contract again. That's not what is stated. But, I get that's how one wants it to appear when trying to push this "KBLB failure" point.

My point...

If one agrees to purchase something but can't come up with the money to purchase that something, and they are under contract to do so, the other party set to produce for that contract cannot reasonably be labeled a 'failure' for not fulfilling their end of the agreement. The blame lies with the party who failed to meet their contractual obligation to secure funding. In this case, Kings agreed to raise the necessary money but didn’t deliver. Without the required financing in place, production for that contract becomes a moot point.

Calling KBLB a failure for not producing under these circumstances is not only ignorant of how contracts work but also blatantly unfair. If Kings couldn’t uphold their end, there’s no valid basis to claim that KBLB failed to uphold theirs.

Now that some can see a flip side to the contract, logic shows that both parties mutually agreed to honor their 5-year commitment to the relationship and modify accordingly when both parties are "ready." Ready for what? We'll, the launch of their joint venture. Thankfully, the business side of things was factored into the contract! They must've known how things might have changed along the way. Looking back, it's easy to see the path forward. "Failure?" Not until we see the end result of the relationship. Let's consider it a "Work in Progress."