Bill Summary for S 414 (2011-2012)
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Summary date:
Apr 20 2011
S.L. 2011-341
Bill Information:
View NCGA Bill Details | 2011-2012 Session |
TO PROVIDE THAT RECIPROCAL ATTORNEYS' FEES PROVISIONS IN BUSINESS CONTRACTS ARE VALID AND ENFORCEABLE UNDER THE LAWS OF THIS STATE.Intro. by Clodfelter.
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Bill summary
Senate amendment makes the following changes to 2nd edition.
Amends proposed GS 6-21.6 to clarify that reciprocal attorneys’ fees provisions in business contracts are valid and enforceable for the recovery of reasonable attorneys’ fees and expenses only if all parties to the business contract sign the contract. Adds a provision stating that the award of reasonable attorneys’ fees may not exceed the amount in controversy.