As pandemic-related shutdowns battered the retail and restaurant industry, many tenants avoided defaulting on their leases by negotiating a lease workout. These agreements often provided tenants some much-needed rent relief...more
3/19/2021
/ Business Interruption ,
Commercial Leases ,
Commercial Property Owners ,
Commercial Tenants ,
Contract Terms ,
Coronavirus/COVID-19 ,
Infectious Diseases ,
Landlords ,
Rent ,
Rental Property ,
Restaurant Industry ,
Retailers
As of June 15, the Small Business Administration (SBA) again began accepting Economic Injury Disaster Loan (EIDL) and EIDL grant (Grant) applications from qualifying small businesses in addition to agriculture businesses....more
On Friday, Governor Ron DeSantis executed Executive Order 20-86 and Executive Order 20-87. Executive Order 20-86 expands upon Executive Order 20-82, which was enacted by Governor DeSantis on March 25, by adding Louisiana to...more
According to NAIOP, the $2 trillion economic stimulus bill agreed upon by House and Senate leaders this morning would include the following actions that are beneficial to the commercial real estate industry...more
Even if a contract does not have a force majeure clause, a party’s obligation to perform may still be discharged under the doctrine of impossibility. The doctrine of impossibility refers to situations when it is impossible...more
In the wake of the economic impact of the Coronavirus (COVID-19), Governor DeSantis has activated the Florida Small Business Emergency Bridge Loan Program. ...more
3/18/2020
/ China ,
Coronavirus/COVID-19 ,
Crisis Management ,
Florida ,
Infectious Diseases ,
Public Health ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
Small Business Loans ,
State and Local Government
The coronavirus has disrupted the economy and business activity, making it difficult or challenging for some parties to honor their contractual obligations. In fact, it is apparent that parties are terminating their...more
3/6/2020
/ Business Interruption ,
China ,
Construction Contracts ,
Construction Project ,
Contract Drafting ,
Contract Negotiations ,
Contract Terms ,
Contractors ,
Coronavirus/COVID-19 ,
Critical Infrastructure Sectors ,
Delay Claims ,
Emergency Management Plans ,
Force Majeure Clause ,
Foreign Commerce ,
Imports ,
Infectious Diseases ,
Performance Standards ,
Public Health ,
Real Estate Development ,
Risk Management ,
Suppliers ,
Supply Chain ,
Supply Contracts