When determining how to sell a product in the marketplace, there are a number of supply chain options from which to choose, each with its own set of legal implications. However, the primary consideration in determining how to sell a product should be what makes the most sense from a business perspective (for example, if the product requires technical assistance, a large inventory or warranty and other repair work, having these responsibilities outsourced to a distributor may be the most practical solution).
U.S. EPA released a major new interpretation of “project emission accounting” under New Source Review. Reversing the Obama EPA position, U.S. EPA will now allow facilities in determining whether a “project” will trigger New Source Review to account for both projected increases and decreases at the same time. Key to this approach is determining what emission units are included in the project, and developing and tracking the projection.
What is a consequential damage?
This is the million (sometimes multimillion) dollar question. According to Black’s Law Dictionary, consequential damages are “losses that do not flow directly and immediately from an injurious act but that result indirectly from the act.”
On March 1st, the automotive sector that consumes steel and aluminum was confronted with a potentially large tariff rate increase. The section 232 measures are intended to raise the prices of all steel products – whether imported or domestic – and thus will have an impact on any major purchaser of steel, which includes most automotive companies. Further, many of the parts and components that the OEMs purchase are made from domestic- and foreign-sourced steel and aluminum parts, meaning that the announcement will have a ripple effect on the entire automotive sector.
After have deciding to mediate and selecting a mediator, each litigants’ focus should shift to preparation. In our experience, mediation results improve significantly when the parties, not just the attorneys, come prepared for mediation. This post offers 7 pointers for parties to follow when preparing for mediation with their lawyers.