Three Tips Every South Dakota Business Owner Needs To Understand About Contracts

 

Certain contract provisions can create "lawsuit chaos" for a South Dakota business.  Many times, these provisions are buried in the "fine print" in an exceedingly long (and boring!) business contract. 

Here are three tips every South Dakota business owner needs to know about these "lurking" provisions:

Tip # 1 - Force Majeure

This provision is also known as an "Act of God" clause and can suspend another party's performance of a contract when unforeseen disasters, such as blizzards and floods, occur.  To fit within the meaning of force majeure, the unforeseeable event must be the actual cause of the delay, as opposed to other business considerations existing at the same time. 

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About Swier Law Firm's Business & Corporate Practice Group

Swier Law Firm's Business & Corporate Practice Group handles the following types of cases:

  • Cyber Law and Cyber Security
  • Limited Liability Companies (LLCs)
  • General Partnerships and Limited Liability Partnerships
  • Joint Ventures and Strategic Alliances
  • C Corporations and S Corporations
  • Trademarks and Copyrights
  • Real Estate
  • Wind Energy Transactions
  • Corporate Governance
  • Corporate Dissolution
  • Conducting Internal Investigations for Boards, Board Committees and General Counsel
  • Preparing, Revising and Updating Governance and Compliance Materials, including Bylaws,
    Committee Charters, and Compliance Policies.

To learn more about business and corporate legal issues in South Dakota, contact Swier Law Firm.

 

         

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