The impact of the 2020 global pandemic is now evident in a variety of business documents designed to continue efficient operations in the wake of unprecedented volatility. From REITS (Real Estate Investment Trusts) to nursing homes, from Apple to Pixelworks, businesses have had to adapt quickly both from an operational and legal standpoint to reassure … Read Article
While UCLA and Under Armour continue their contract battle in court, Under Armour will continue to outfit the UCLA Bruins. In 2016, athletic apparel company Under Armour contracted with UCLA for the then largest athletic apparel deal in college history. Fast forwarding to the coronavirus pandemic finds Under Armour invoking the force majeure (Act of … Read Article
Did you fail to spell out “pandemic” or “disease” in your force majeure clause? Or fail to include a force majeure clause altogether in your contract? Should you have foreseen the chaos caused by COVID-19? The language of contracts will likely be changed forever in the wake of the disruption to businesses as a result … Read Article
From hand sanitizer to toilet paper, we’ve all heard of the price gouging which has gone hand in hand with the COVID-19 pandemic – but one company is taking the price gouging for the highly-sought after N95 masks very seriously. 3M discovered that a company was selling fake N95 masks at a whopping 600 percent … Read Article
Force Majeure is a legal definition encompassing a collection of unlikely yet not impossible hindrances to performance in a contract – such as a fire, a flood, an Act of God, or possibly a global pandemic among other things. A force majeure clause in a contract generally excuses any or all delays in performance as … Read Article
Move over bitcoin – toilet paper is the now hottest currency in play. Unless you were living in a part of the United States prone to hurricanes or blizzards, you may not have thought of stockpiling toilet paper prior to the COVID-19 pandemic. Yet we are now in a new world which is considerably lacking … Read Article
In the midst of what has now been declared a pandemic by the World Health Organization, the pursuit of not only a vaccine, but an outright cure, is underway. President Trump and Vice President Mike Pence met with 7 “Big Pharma” companies to prioritize addressing the Coronavirus outbreak either through antiviral drugs or developing vaccines.1 … Read Article