How To Modify Contracts With Struggling Vendors
By EsqSocial Corporation 19/05/21
With Covid-19 wreaking havoc on global supply chains, vendors continue to face some difficult choices. Modifying the credit terms of contracts with struggling customers and even withholding credit is probably prudent. It’s also definitely legal—but only if the vendor has a bona fide reason to believe the customer is insolvent... Originally published in Financial Advisor May 18, 2021....
By: Lowenstein Sandler LLP