Ask Kym: What are Force Majeure Clauses?

Rincker LawBusiness/Commercial Law Leave a Comment

You may have heard the term “force majeure” being discussed a lot with regard to parties fulfilling their contractual obligations in light of Coronavirus.  Businesses and individuals, alike, are wondering whether force majeure contract clauses will actually hold-up in the face of the Coronavirus pandemic. Many businesses rely on their force majeure clauses regarding “acts of God,” when they have …

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Business Law: Letters of Intents v. Term Sheets

Rincker LawBusiness/Commercial Law Leave a Comment

A letter of intent is used in many types of businesses to list the terms of a proposed deal between prospective parties. While the letter of intent is usually signed by both parties, it contains language stating that this letter does not create a binding obligation on either party. Despite this fact, there has been a great deal of litigation …

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