In a controversial 1994 decision, t...
In a controversial 1994 decision, the Illinois highest Court ruled that a design contract constitutes an agreement to provide a outcome under the provisions of the "economic los rule" This is a departure from the way contracts for legal and accounting services are treated. The latter bring "intangible" results to which the economic los conduct does not apply. The economic los doctrine, created according to the courts years ago, has proceed under increasing criticism. It declares that parties who have no contractual relationship may not maintain suits for financial
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