ONE LAW PARTNERS, LLC successfully represented A Bank in a case where the court ruled that the Asset Purchase Agreement does not constitute “standard terms” under the law.
The plaintiff argued that “A Bank unilaterally drafted the agreement, making it unfair and invalid,” but the court dismissed this claim.

Court’s Reasoning
In the context of distressed asset transactions, provisions such as:

• Defining the scope and duration of liability
• Specifying which assets are covered by representations and warranties
• Establishing remedies in case of disputes
  are customary and essential in professional transactions.
  Therefore, the agreement used by A Bank was recognized as a standard contractual structure in specialized transactions, not a unilateral set of terms.

Significance
This ruling clarifies that standard contractual provisions in asset purchase agreements for non-performing loan sales cannot be mischaracterized as “standard terms.” It also demonstrates ONE LAW PARTNERS, LLC’s strong expertise in financial transactions and litigation.