AUDIO Case Study – Contract Lessons from Chevron vs Natural Resources Defense Council on Contract Interpretation and Regulatory Deference

Description

In this episode, we explore Chevron U.S.A., Inc. v. Natural Resources Defense Council, Inc. (1984), a landmark case in administrative law with significant implications for contract interpretation in regulated industries. The case established the Chevron deference, where courts defer to regulatory agencies’ interpretations of ambiguous federal statutes. For contract managers in highly regulated industries, this case underscores the importance of aligning contract terms with evolving regulatory standards and understanding how deference to agency interpretations can affect contract performance. We’ll break down the case and offer insights into managing contracts involving regulatory frameworks.