In our most recent #autosupplier blog, Timothy Smith provides an overview of the Higuchi case. This case raises the issue of whether the term "requirements" is clear enough to establish a binding requirements contract under the statute of frauds in the UCC for the U.S. Court of Appeals for the Sixth Circuit. Tim discusses the potential impact of this case on suppliers and their contracts in the automotive supply industry. Check it out in the link below ⬇️.
In our latest #AheadoftheCurve #AutoSupplier blog, Timothy Smith delivers a preview of the Higuchi case, which presents the U.S. Court of Appeals for the Sixth Circuit with the question of whether the term "requirements" is sufficiently definite to create an enforceable requirements contract under the UCC's statute of frauds. Tim sheds light on the case's potential implications for #suppliers + their contractual agreements within the #automotive supply sector. Much like AirBoss, this ruling could cause significant waves, reshaping the landscape of #contract enforcement in the industry.
