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Force Majeure and the COVID-19 Pandemic

March 30, 2020 Real Estate

Uncertain times lead to unanticipated concerns, and we grapple for clarity where none seems to exist. The most obvious question on many agents’ (and clients’) minds is whether the “Force Majeure” provision of the FAR/BAR contract allows a party to cancel. In a word, no, at least not initially. Section…

Liquidity for Businesses: Government Resources to Infuse Money into Small Business Affected by the Coronavirus

March 30, 2020 Legislation

Signed into law on March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748) is designed to get much-needed liquidity to business by, among other means: Origination of new Small Business Administration (SBA) loans through the “Paycheck Protection Act”; Economic Injury Disaster Loans and Emergency Grants;…