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Fox Swibel Is Here to Assist You in Navigating Through Financial Distress Issues

Jul 13, 2020

In the past few months, businesses have been thrust into a maelstrom of new historic challenges: a virulent pandemic of uncertain duration, depressed demand for products and services, social unrest and even outright inability to open or conduct business due to policies intended to slow the spread of the virus. For some firms, emergency government loan assistance has provided only temporary relief.

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Chicago Restaurants in the Age of COVID-19: A New Frontier

Jun 10, 2020

Chicago Restaurants in the Age of COVID-19: A New Frontier Jun 10, 2020 On May 5, 2020, Governor J.B. Pritzker released “Restore Illinois”, a 5-step public health plan for re-opening Illinois (the “Plan”).  The Plan clearly is of considerable interest […]

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CARES Act: Frequently Asked Questions and Answers

Apr 3, 2020

Click to Go to Answer: When can my business submit an application for an SBA 7(a) loan from the Paycheck Protection Program? For purposes of calculating “payroll costs,” should a business include compensation paid to independent contractors? Is a portfolio […]

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COVID-19 Legislation Will Impact Employers’ Leave Polices

Mar 16, 2020

The Emergency Families First Coronavirus Response Act (H.R. 6201) passed The U.S. House of Representatives early Saturday, March 14, 2020, and includes a number of provisions that will directly impact employers, in addition to public health measures. The bill is […]

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Fox Swibel Coronavirus Readiness

Mar 14, 2020

  We know many of our clients are being affected by the Coronavirus (COVID-19) and we have worked with many of you on issues that have arisen, especially with respect to questions regarding employment matters. I want to personally assure […]

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Bonds and the Construction Process

Dec 1, 2018

A bond is a contractual obligation undertaken by a surety company (often, an insurance company) to perform or pay a specific amount of money if the principal (often, the general contractor or installation contractor) does not perform or pay. A surety relationship is a three-party contract that guarantees that the principal will fulfill its obligations to the third party, the obligee (often the project owner for performance bonds, and subcontractors for payment bonds).

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Green Risks and Rewards: Managing Legal Issues on Sustainable Projects

Sep 1, 2018

A bond is a contractual obligation undertaken by a surety company (often, an insurance company) to perform or pay a specific amount of money if the principal (often, the general contractor or installation contractor) does not perform or pay. A surety relationship is a three-party contract that guarantees that the principal will fulfill its obligations to the third party, the obligee (often the project owner for performance bonds, and subcontractors for payment bonds).

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Illinois Retainage Reform Bill Defeated – Senate Bill 3052 Would Have Mandated 5% Retainage Limit in Private Construction Contracts

Aug 1, 2018

A bond is a contractual obligation undertaken by a surety company (often, an insurance company) to perform or pay a specific amount of money if the principal (often, the general contractor or installation contractor) does not perform or pay. A surety relationship is a three-party contract that guarantees that the principal will fulfill its obligations to the third party, the obligee (often the project owner for performance bonds, and subcontractors for payment bonds).

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Using Magic Words: Understand Pay-If-Paid vs. Pay-When-Paid Clauses in Construction Agreements

Apr 11, 2017

A bond is a contractual obligation undertaken by a surety company (often, an insurance company) to perform or pay a specific amount of money if the principal (often, the general contractor or installation contractor) does not perform or pay. A surety relationship is a three-party contract that guarantees that the principal will fulfill its obligations to the third party, the obligee (often the project owner for performance bonds, and subcontractors for payment bonds).

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Removing Cloud of Title, But Adding Cloud of Additional Liability

Aug 20, 2015

A bond is a contractual obligation undertaken by a surety company (often, an insurance company) to perform or pay a specific amount of money if the principal (often, the general contractor or installation contractor) does not perform or pay. A surety relationship is a three-party contract that guarantees that the principal will fulfill its obligations to the third party, the obligee (often the project owner for performance bonds, and subcontractors for payment bonds).

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