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 Welcomes Two New Attorneys
Adams Leclair has expanded its team of attorneys with two recent law school graduates. Ella Humphrey of Pittsford and Penfield native, Jack Cassidy were summer associates in 2022 and 2023…
