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Not entirely relevant, but an business example.
Early last year, one of the overseas event organisers placed advertising in a publication I work on promoting forthcoming events. The pandemic came and the events got cancelled, no payment was forthcoming due to 'lack of funds' from cancelled events. Advertising was initially placed in 'good faith' and we published it in 'good faith'. We call all argue that things change in extreme circumstances.
We open the latest issue of a premium UK car mag to see a double page advert for their 2021 events, even though they have not paid us for their 2020 advertising.
We tried to accomodate them with some staged payments over many months without success and extracting what is quite small sums from an overseas company is difficult and time comsuming, so I have no doubt that after a bit more sabre rattling it will be written off.
The point being, that yes people make well intended commitments and yes things change, but it doesn't mean that no costs are involved.
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