Commercial Impracticability Attorney in Chicago, Illinois

What advice do you have for businesses that have been unable to meet contractual obligations due to COVID?

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00:05
first and foremost if they have
00:06
contractual obligations they should look
00:08
to see
00:09
whether or not um and what provisions
00:12
they have in their written contracts
00:15
with respect to their obligations are
00:18
depending on the business there could be
00:19
a wide variety
00:21
of contractual obligations that that one
00:24
has we
00:24
we’ve seen obviously with retail
00:27
restaurants
00:28
and other retail
00:31
and and various business owners health
00:33
clubs
00:34
restaurants the biggest burden they have
00:37
is their obligation to pay rent
00:40
and so using temporary commercial
00:44
impracticability
00:46
and the fact that the governor at least
00:49
where i’m
00:50
located in the state of illinois
00:52
effectively shut down businesses
00:55
and businesses remain shuttered we think
00:58
that
00:58
you you need to take a strong hard look
01:02
at again
01:03
temporary commercial and practicability
01:06
as a defense to your obligation to
01:08
perform
01:08
only on a temporary basis and for a
01:11
reasonable
01:12
period thereafter to your obligation to
01:14
perform on any contract and we we have
01:17
found that
01:17
in society generally uh most
01:20
parties are willing to work with each
01:22
other to the extent
01:24
that it’s it’s feasible it’s practical
01:28
and they have the ability to do it

Chicago, IL commercial litigation attorney Glenn L Udell shares his advice for businesses that have been unable to meet contractual obligations due to COVID.

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