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The lawsuit seeks damages and the voiding of the contract.
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His only challenge was crafting a legalese-sounding decision that says, "Uh, ya think?" Bloch upheld the N.H.L.'s voiding of the Kovalchuk contract, finding it ridiculous even by N.H.L. standards, as Michael Farber writes in SI.com.
And on the other side we have the Wall Street sympathizers and legal junkies who cry "witch hunt" and vehemently oppose retributive measures such as 90% taxes on the money, prosecution of "fraudulent" behavior, and most important, the voiding of the employees' contracts which promised the bonuses.
If the applicant makes a false representation, the insurer has the option of voiding the contract.
It is the issue of voiding the contract -- or recision in legal parlance -- that particularly troubles the state bar association.
It was a 10-year contract with a codicil; Rodriguez had the option of voiding the contract after the 2007 season and testing the open market again.
Or they could take a more difficult path and try to void the rest of the contract.
Here is the twist: Rivera has the option to void the remainder of the contract after the 2002 season, something he might want to do if the market price for closers increases markedly.
Kershaw's new deal includes a clause that would allow the left-hander to void the remainder of the contract after five seasons.
Provided he remains in the major leagues for most of the season, he will be able to void the remainder of the contract and have his salaries in the next four years determined by the arbitration process.
Any credit agreement, promissory note, or other contract with a covered borrower that fails to comply with 10 U.S.C. 987 as implemented by this part or which contains one or more provisions prohibited under 10 U.S.C. 987 as implemented by this part is void from the inception of the contract.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com