Amy Wolfshohl | Porter Hedges With material cost volatility in the current market, the topic of price escalation clauses is more prevalent. Some material costs are up and other costs are now down. Traditional lump sum contract structures do not take into account price escalation or de-escalation; whereas cost plus structures entirely and naturally account… Continue reading Price Escalation Considerations in Construction Contracts
Month: March 2023
No Coverage Under Claims-Made Policy for Lawsuit Served on Registered Agent Before Policy Period
Joseph Gross | Wiley Rein In a win for Wiley’s client, the United States District Court for the Southern District of Florida, applying Florida and District of Columbia law, has found that a claims-made professional liability policy does not afford coverage for a lawsuit served on the insured’s registered agent prior to the policy period,… Continue reading No Coverage Under Claims-Made Policy for Lawsuit Served on Registered Agent Before Policy Period
Beware What Your Contract Says: It Just Might Be Enforced
Matthew Grashoff and Sonja Rice | Hahn Loeser & Parks When reviewing a contract, how often have you had the following thoughts: “That provision is so one-sided, there’s no way it will be enforced the way it’s written!” Or “I won’t worry about negotiating that provision; a court would never enforce it as written.” A… Continue reading Beware What Your Contract Says: It Just Might Be Enforced