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The Contract You Thought You Made: Forfeitures and Penalties (Plus A Bonus--The Contract You Never Thought You Made…) (Part 2) ( February 2003 )
The petroleum industry has had its share of companies fall into cash flow problems or, worse, go bankrupt, especially in the 1980s after the oil price crash of 1985-86. Following these experiences, the remaining players in the industry drafted very tight and onerous (some may even say draconian) provisions to deal with a defaulting party under various agreements. It is now common to include various provisions dealing with the possibility of a party filing or being forced into bankruptcy. -
Guarantor Rights in Surprising Places ( February 1998 )
It is worth remembering that a "guarantor" includes someone who grants a lien on his or her property to secure th. -
Who is a Witness? ( September 1997 )
”I didn't even see the accident, what could I possibly tell you that would benefit anyone?” Our invest.
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