To ascertain which party in a commercial contract is responsible for tariffs, it is important to check whether the contract specifies the importer of record....more
In light of a trade landscape rife with tariffs, companies are examining their commercial contracts to judge the exposure to increased costs of production. One area of a supply contract that cannot be overlooked when...more
The rise of President Trumps’ tariffs in 2025 has brought uncertainty to the profitability of product sales and has thrown a wrench in previously stable supply relationships. Reminiscent of the 2020 push to review force...more
President Trump’s shakeup of U.S. trade policy with its approach to tariffs is costing companies billions of dollars. In fact, in June of this year, importers paid the U.S. government customs duties (of which tariffs are a...more
Assessing Tariff Impacts in Commercial Contracts -
With the size and scope of President Trump’s tariffs continuing to shift, this is a critical time for businesses to assess their contracts and determine how increased...more
This year, sentiment has declined to a tepid level with respect to cryptocurrency markets. For example, while some experts still believe that bitcoin could crack the $100,000 mark, the price of bitcoin slumped to under...more
Due to the ongoing global supply chain crisis, companies face an uphill battle managing supply chain-related issues. On one front, companies are encountering frequent and extensive shipment and delivery delays. Information...more
6/23/2022
/ China ,
Coronavirus/COVID-19 ,
EU ,
Force Majeure Clause ,
Insurance Industry ,
Labor Shortage ,
Onshoring ,
Russia ,
Shipping ,
Supply Chain ,
Supply Shortages ,
Trucking Industry ,
Ukraine
Blockchain in Supply Chain: Article 11 -
Manufacturers spend a pretty penny managing inventory logistics (the management of inbound and outbound flows of goods) and inventory warehousing (the receipt, storage, and...more
Today’s supply chains are frequently paper-based operations subject to human error and delay. Therefore, some companies are beginning to invest in digital infrastructure, including blockchain tools, to strengthen supply...more
What do teen digital artists, Tom Brady, Doja Cat, and Foley & Lardner LLP all have in common? They are all trending in popularity for their use of NFTs.
Jaiden Stipp is a digital artist, who at only 15 years old sells...more
The advent of new technology brings along with it the murkiness of how the American legal system will treat such technology. Before the rise of blockchain for instance, businesses were uncertain how courts would treat...more
10/8/2021
/ Blockchain ,
California Consumer Privacy Act (CCPA) ,
Confidentiality Policies ,
E-SIGN ,
Force Majeure Clause ,
General Data Protection Regulation (GDPR) ,
Governance Standards ,
Service Level Agreements ,
Smart Contracts ,
Supply Chain ,
Termination ,
UETA
One benefit of blockchain includes its ability to harness the power of smart contracts.
What is a Smart Contract?
Although the term “smart contract” sounds like a legal instrument, a smart contract is actually a...more
Many companies need strong supply chain traceability. For the most prevalent tracing challenges, blockchain may provide a formidable solution.
Real-World Applications -
Using blockchain to trace products is especially...more
Blockchain has been heralded as a cutting-edge technology that will improve the contemporary supply chain structure by increasing supply chain trust, efficiency, and transparency. However, as promising as blockchain...more
When a company is formulating a blockchain solution to fill its supply chain needs, inevitably the decision must be made as to what type of blockchain is best suited for the project. Therefore, it is essential to have a...more
Managing the supply chain is one of the biggest challenges faced by modern-day global companies. These companies devote a tremendous amount of resources to investigating inefficiencies and identifying areas of cost...more
Throughout the series on “Blockchain in Supply Chain” we reference a number of important blockchain-related terms and concepts. Below is an initial list of blockchain terms used in the articles. We will add to this list as...more
Suppliers have faced unique challenges in keeping their products and services flowing into the marketplace during a pandemic. In response to COVID-19, suppliers have revisited their default procedures and have developed...more
COVID-19 supply chain disruptions and how suppliers and service providers have handled such disruptions have prompted procurement teams to reconsider whether business should be shifted away from suppliers that have performed...more