The COVID-19 pandemic has had an impact on many businesses and their operations, especially within the realm of mergers and acquisitions. When engaging in a merger or acquisition during the pandemic it is important to understand certain unique issues that may affect the transaction. We hope this ‘Resnick Law Monthly Tip’ will help to better… [Continue Reading]
Steps Business Owners can Take to Reduce COVID-19 Liability
Whether it is a bank, sporting goods store, or restaurant, Michigan businesses face increased liability claims during the COVID-19 pandemic from customers who claim to have been exposed during their time there. Concerns about liability have additionally raised the questions of whether businesses have an increased duty of care to customers as well as what… [Continue Reading]
Understanding the Concept of Force Majeure
The coronavirus pandemic has seen an increase in the use of the fundamental force majeure contract clause, which discharges certain contractual duties following an event’s occurrence. Exactly what obligations are discharged as well as what circumstances are associated with a force majeure depend on how a contract addresses these terms. What Constitutes Force Majeure When… [Continue Reading]
