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 Update” Provides Valuable Industry Information
For the second consecutive year, lawyers from Adams Leclair’s construction law team offered a conference to clients and friends concerning the latest updates on legal issues and legislative initiatives facing…
