Keeping owners, managers, and stakeholders up to date on issues affecting their businesses.
When entering a contract with another party, you may wish to include a mechanism to ensure you receive appropriate compensation if the other party wants to terminate it early. It’s important to remember that while a contract can impose a fee for early termination, the fee should not be structured or referred to as a “penalty.”
The imposition and proposition of new tariffs may create uncertainty around the costs and availability of imported materials. This can cause challenges for businesses with contracts that are structured to include pricing based on those costs or with scheduling requirements tied to the availability of materials.
On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule removing the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act (CTA).