Landlords can help tenants get through these challenging times by building a sense of community based upon education, social connection, and compassion.
Read MoreEffective April 13, people in Montgomery County, Maryland must wear face coverings in grocery stores, pharmacies, and large chain retail establishments. The State of New Jersey and many other local jurisdictions have adopted similar requirements.
Read MoreStay-at-home orders differ from orders closing non-essential businesses, which only restrict business activity. Stay-at-home orders limit individual movement and may impose criminal liability on individuals who violate them.
Read MoreMany contracts have material adverse change provisions, even if those words aren't used. Parties should examine contract material adverse change and related provisions to ensure they address the parties’ needs in light of the COVID-19 pandemic.
Read MoreAlthough title companies, lenders, and contracting parties may be able to continue business by telecommuting during the coronavirus pandemic, they still may need to adapt and change their closing checklists to assure that closings go forward as planned.
Read MoreAs states order closure of non-essential businesses, differing federal and state standards can make it challenging for business and real estate owners to determine whether their busineses are essential and can remain open.
Read MoreParties entering into contracts during this historic pandemic may want a COVID-19 specific force majeure clause. Since these clauses cover a force majeure event that is already occurring, they require different considerations than typical force majeure clauses.
Read MoreBusiness owners should review their contracts and take steps to assure that contract notice provisions include options that will reach the business during a period of mandatory seclusion.
Read MoreThroughout the nation, businesses and real estate owners are facing financial challenges due to coronavirus. If the businesses aren't closed altogether, they may have fewer customers and lower profits, if any. And there are the additional out-of-pocket costs associated with combating COVID-19. In some instances, business interruption insurance or contract risk allocation language may provide relief from COVID-19 financial losses.
Read MoreMarket changes and governmental requirments due to coronavirus may trigger contract force majeure provisions and excuse parties from contract performance.
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