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PennyWorld

10/14/21 9:13 AM

#42845 RE: changes_iv #42844

Even if RLFT "abandoned" the funding (which I dispute), I see two major hurdles for NRXP:

1) Casually (informally) abandoning the project by itself does not make the CA null and void. Until both parties agree to terminate the contract, or a pre-defined termination clause in the contract is triggered --- the contract lives on.

2) It appears that RLFTF not only has lived up to their contractual funding obligations, they even exceeded it by funding 30% of the cost overruns.

On the surface, it appears that JJ needs to hire a more competent contract attorney.