Most commercial property insurance policies include insuring agreements that require direct physical loss or damage to covered property as the triggering event. Without establishing direct physical loss or damage, a policyholder traditionally cannot […]
The CARES Act provides that all Paycheck Protection Program (PPP) loans are eligible for forgiveness but not automatically forgiven. Instead, borrowers must apply for forgiveness with their lender, and the amount to be forgiven may be limited. Borrowers […]
In an effort to manage the huge volume of loan applications being received under the Paycheck Protection Program (“PPP”) created under the Coronavirus Aid, Relief, and Economic Security Act, H.R. 748 (“CARES Act”), some banks […]
As people, businesses, and markets scramble to navigate through the impact of COVID-19, nearly every state has issued emergency orders, detailing changes to court operations due to the COVID-19 outbreak. To date, the Texas Supreme Court, in conjunction […]
It is common in Texas to find construction contracts wherein the parties agree to damages in advance of a breach of the construction contract. These are liquidated damages and a provision that contains these damages is known as a liquidated damages […]
The Coronavirus Aid, Relief, and Economic Security Act ("CARES") empowered the Small Business Administration ("SBA") to guarantee some $349 billion low-interest, forgivable PPP loans. On the evening hours of April 2, 2020, the SBA […]
Recognizing that disruptions caused by the COVID-19 national emergency are interfering with, and in some cases preventing, motor carrier employer and driver compliance with current drug and alcohol testing requirements, the United States Department of […]
A1. The CARES Act (Act) Paycheck Protection Program (PPP) is part of a new Small Business Administration (SBA) lending program designed to provide small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be […]
As part of KRCL’s COVID-19 Resources and Insights, the Employment Law Practice Group presents Q&A on the Paycheck Protection Program under the Coronavirus Aid, Relief, and Economic Security Act (“CARES”), as put together by Director […]
Immediately after President Trump signed the Coronavirus Aid, Relief and Economic Security (CARES) Act, Kane Russell Coleman Logan has announced its formation of the KRCL CARES Task Force. The initial team consists of six transactional lawyers and four […]
On the day that the law went into effect, April 1, 2020, the Department of Labor (“DOL”) issued its temporary rule about the Families First Coronavirus Response Act (“FFCRA”). The new rule (123 pages) is now available […]
The coronavirus is undoubtedly going to create contract disputes in ways that we cannot fully imagine. Parties will call their attorneys asking if they can send default letters or if they have defenses for missing contractual deadlines. Terms such as […]