This message is sent to you by AccountingNewswatch
Force Majeure and Commercial Impracticability in Purchasing and Sales Contracts
Date: Thursday, June 21, 2018
Sponsored by Lorman Education Services
Do you know what's covered by your force majeure clause?
Your supplier's plant was severely damaged by an earthquake and is claiming it is excused from filling your orders. A strike has stranded a shipment and your supplier claims it is not responsible for any delay. Or your supplier is claiming that a shortage of a raw material and spike in prices has made it impossible for it to perform.
What are your rights? Is your supplier really excused from fulfilling the contract, and if so what must they do to minimize harm to you and what actions can you take to protect yourself? This topic will provide you a basic understanding of your rights in these circumstances.
You will receive a primer on the types of events that often do, and do not, excuse performance under a force majeure clause or the doctrine of commercial impracticability, the duty for available supply to be allocated among customers, and notifications to which you are entitled. Focused on practical steps, and not just theory, you will be interested in this timely discussion of what to do when disaster strikes.
This Live Webinar Covers These Hot Issues:
Origins of Force Majeure and Commercial Impracticability
When Can Performance Be Excused?
Procedures After a Force Majeure Event
Preventing Problems: Tips for Drafting Effective Force Majeure Clauses
Credit Information (Sponsored by Lorman Education Services):
For Detailed Credit Information page click here
Christopher Tompkins, Jenner & Block LLP
(Not available outside the US)