Available in:

OnDemand Course

Force Majeure and Commercial Impracticability in Purchasing and Sales Contracts

Gain an understanding of what's covered by your force majeure clause.

Your supplier's plant was severely damaged by an earthquake and is claiming it is excused from filling your orders. A strike has stranded a shipment, and your supplier claims it is not responsible for any delay. Or your supplier is claiming that a shortage of raw material and spike in prices has made it impossible for it to perform. What are your rights? Is your supplier really excused from fulfilling the contract? If so, what must they do to minimize harm to you, and what actions can you take to protect yourself? This topic will provide you a basic understanding of your rights in these circumstances. You will receive a primer on the types of events that often do, and do not, excuse performance under a force majeure clause or the doctrine of commercial impracticability, the duty for available supply to be allocated among customers, and notifications to which you are entitled. Focused on practical steps, and not just theory, you will be interested in this timely discussion of what to do when disaster strikes.

88 minutes
Course Exam
Certificate of Completion
Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Origins of Force Majeure and Commercial Impracticability

When Can Performance Be Excused?

  • Force Majeure Clauses
  • Commercial Impracticability or Failure of Presupposed Conditions Under UCC 2-615
  • Typical Events Excusing Performance and Those That Will Not
  • Emerging Pandemic Issues

Procedures After a Force Majeure Event

  • Notice Requirements
  • Allocation Where Performance Is Only Partially Excused
  • When a Force Majeure Event Ends

Preventing Problems: Tips for Drafting Effective Force Majeure Clauses

Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on April 21, 2021.

Call 1-866-352-9540 for further credit information.

  • ISM 1.25
     
  • Participants who successfully complete this program will receive 1.25 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Christopher Tompkins

Christopher Tompkins

Jenner & Block LLP

  • Partner in Jenner & Block LLP’s Chicago office where he practices commercial litigation
  • Extensive experience assisting clients resolve commercial disputes involving wide arrany subject matters and venues, including the sale of goods under the Uniform Commercial Code (UCC)
  • Assists clients with supply disputes including the failure to supply, early termination, pricing, product quality and breach of warranty, and supplier bankruptcies
  • Counsels corporate clients regarding best contracting practices under the UCC, including contracting procedures, contract forms and terms and conditions
  • Represents clients in a variety of industries including steel and mining, food and beverage, consumer packaged goods, automotive and heavy manufacturing, electric utilities, and chemical companies
  • Written and spoken extensively about these areas, including articles on breach of warranty and electronic contracting
  • Member of the Chicago and American Bar Associations and the international Bar Association
  • J.D. degree, magna cum laude, Loyola University Chicago School of Law; B.A. degree in economics and politics, cum laude, Catholic University of America
  • Can be contacted at 312-840-8686, [email protected] or www.linkedin.com/in/christopherptompkins
Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 408342
Published 2021
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!