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Understanding force majeure clauses

Contracts are all about solidifying expectations, planning for uncertainties and allocating risk – and that’s where a force majeure clause comes in. A force majeure clause refers to some sort of overwhelming, unpredictable and unforeseeable situation that prevents one...

Why would you use an aircraft lien?

In some cases, a lien may need to be put on an aircraft. This is a legal tool that can be used to give someone other than the owner a form of rights over that aircraft. If the owner tries to sell the aircraft or take other steps to get out of their obligation, the...

Lawfully terminating business contracts

There are lawful ways to terminate contracts. However, terminating business contracts requires careful consideration and thoughtful, informed approaches. Contracts are binding agreements, and exiting them prematurely or without due cause can lead to legal disputes and...

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