Corporate

COVID-19 Impact: Considerations for Business Shutdown Preparation

By: Ryan M. Spott and Joseph E. Tierney IV As the impact of the COVID-19 pandemic continues to heighten, many business owners are faced with making the extremely difficult decision to close their doors in an effort to help reduce the spread of coronavirus.  Such decisions can trigger wage and hour factors, supply chain ripple effects and insurance claims, to name a few. Everyone has likely...

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Impact of COVID-19 on Supply Chain Contracts and Responding to Force Majeure Claims

By: Alexander T. Kay and Joseph E. Tierney IV Has COVID-19, the coronavirus, caused supply chain problems for your business?  Review your contracts for a “force majeure” clause.  A force majeure clause is a common provision in contracts.  It is a contractual provision allocating the risk of loss if performance becomes impossible or impracticable, especially as a result of an event that the...

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