Gain an understanding of 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 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? 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.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Origins of Force Majeure and Commercial Impracticability
When Can Performance Be Excused?
- Force Majeure Clauses
- Commercial Impracticability or Failure of Presupposed Conditions Under UCC 2-615
- Typical Events Excusing Performance and Those That Will Not
- Emerging Pandemic Issues
Procedures After a Force Majeure Event
- Notice Requirements
- Allocation Where Performance Is Only Partially Excused
- When a Force Majeure Event Ends
Preventing Problems: Tips for Drafting Effective Force Majeure Clauses
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on April 21, 2021.
Call 1-866-352-9540 for further credit information.
- ISM 1.25
- Participants who successfully complete this program will receive 1.25 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Christopher Tompkins
Jenner & Block LLP
- Partner in Jenner & Block LLP’s Chicago office where he practices commercial litigation
- Extensive experience assisting clients resolve commercial disputes involving wide arrany subject matters and venues, including the sale of goods under the Uniform Commercial Code (UCC)
- Assists clients with supply disputes including the failure to supply, early termination, pricing, product quality and breach of warranty, and supplier bankruptcies
- Counsels corporate clients regarding best contracting practices under the UCC, including contracting procedures, contract forms and terms and conditions
- Represents clients in a variety of industries including steel and mining, food and beverage, consumer packaged goods, automotive and heavy manufacturing, electric utilities, and chemical companies
- Written and spoken extensively about these areas, including articles on breach of warranty and electronic contracting
- Member of the Chicago and American Bar Associations and the international Bar Association
- J.D. degree, magna cum laude, Loyola University Chicago School of Law; B.A. degree in economics and politics, cum laude, Catholic University of America
- Can be contacted at 312-840-8686, [email protected] or www.linkedin.com/in/christopherptompkins
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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