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But two recent state-court decisions evidence a change in that trend: Both held that the Economic Loss Doctrine bars fraud claims because parties to a commercial contract — often sophisticated and represented by counsel — allocate risk, prescribe damages, and rely on the terms of the bargain.
Typically, construction punch lists only include small fixes, because the majority of large issues have already been fixed or addressed previously through a changeorder. If required, liability can be included in the contract in case a particular party does not complete their end of the bargain.
Typically, punch lists only include small fixes, because the majority of large issues have already been fixed or addressed previously through a changeorder. If required, liability can be included in the contract in case a particular party does not complete their end of the bargain.
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