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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NYS DOT Changes the Rules on DBE Compliance – and They Mean It
The New York State Department of Transportation will now require bidders to show that, by the time of bid, they had either firm commitments meeting Disadvantaged Business Enterprise goals (DBE)…
