By Andrew R. Schwartz | Published January 15, 2021 | Posted in Business Law, Contract Law, COVID-19 | Tagged Tags: breach of contract, COVID-19, force majeure, frustration of purpose, impossibility, impracticability | Comments Off on Can the Coronavirus Pandemic Excuse Performance of Contractual Obligations?
Can the Coronavirus Pandemic Excuse Performance of Contractual Obligations?
COVID-19 has had a devastating impact on the U.S. economy, and no less so in the Chicago area. Social distancing guidelines and other restrictions have caused downscaling and other disruption that may leave businesses unable to perform their contractual obligations in whole or in part. When faced with a claimed breach of contract, it may Read More
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Common Issues in Breaking Up Recently Founded Companies
No one goes into a business venture expecting it to fail, but any number of reasons can cause a recently-founded company to break up. Work styles or personalities may conflict or the founders may discover that they have different visions. You might also find that communication is strained or your co-founder isn’t contributing as much Read More
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How Will Coronavirus Affect Contractual Relationships and Obligations?
The coronavirus pandemic has disrupted practically every aspect of American life. Whether closed by government order or public safety concerns, millions of businesses around the country have come to a screeching halt.
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ESI Discovery Issues in Business Litigation
Electronically stored information (ESI) has revolutionized the business world. Unfortunately, the law has not entirely caught up.
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FAQs About Corporations
What is a “corporation”? A corporation is a type of business organization recognized by Illinois law. Shares of stock evidence its ownership, and the owners are called “stockholders” or “shareholders.”
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Business Litigation FAQs
What is “business litigation”? We use the broad term “business litigation” to describe any litigation for control of a privately-owned company. Other terms we frequently see are “freeze-outs,” “squeeze-outs,” “business divorces,” “oppression” and “breach of fiduciary duty.”
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More Contract Law FAQs
Contract law can prove quite complicated. This post addresses additional FAQs.
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Contract Law FAQ
Much of our practice – both litigation and transactional – involves contracts. This blog post discusses common issues relating to contract law.
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