Legal Question in Business Law in California
Party A had a written contract with Signs Inc stating that party A would pay Signs Inc. $75 a month for 36 months for the use of 2 signs. The contrct contained an acceleration cluase in the event of failure to pay for the monthly rental and the following:
"Any loss of advertising, damages or delays caused by the Act of God, strikes, labor conditions, or other causes beyond the control of Signs Inc. , shall be satified by advertiser being accord suitable and co-extensive advertising in extended service at the expiration hereof"
What the heck does that mean?
1 Answer from Attorneys
Suppose a fire destroys the 2 signs and it takes 3 months to replace them. You do not get a refund for those 3 months. The contract is extended for 3 months. You still only pay for 36 months. If something happens to the sings that is beyond the control of sign owner, then advertiser just gets more advertising in lieu of damages for lost income from the lack of sign advertising if the sign becomes damages or unavailable.
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