Expiration clauses in a guaranty are used to limit liability the guarantor can incur. They place a temporal limitation on what would otherwise be a guarantee of unlimited duration. As discussed below, guarantors can still be exposed to liability for continuing or future obligations under the guaranty, even past the date of an expiration clause, where the obligation was incurred prior to the expiration of the guaranty. Louis Dreyfus Energy Corp. v MG Refining and Marketing, Inc. The Court of…
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Adams Leclair’s Construction Law Attorneys Present Key Legal Updates
Over the past few weeks, the lead attorneys in Adams Leclair’s construction law department have delivered educational seminars to Rochester and Buffalo based construction organizations. On January 17th, Tony Adams…
