Guest Blog
Written By: Stuart M. Brown Partner Norman D. Kallen Partner Brown Moskowitz & Kallen, P.C. How should a business respond when it or its counterparty cannot fulfill obligations under an existing agreement or when entering into a new business relationship? There are myriad practical and legal answers to the question. Here, the focus is the application of the concept of force majeure in the context of contractual business relationships. The term “force majeure” literally means “superior force.” It is a common clause in contracts that can be used to release or excuse a party to the contract from performance…
Read MoreEach week, we feature a guest blog from one of our members on an issue that's important to business. Want to write for CIANJ? E-mail arusso@cianj.org to get your organization published here.