• On-Demand Video

Advising Hospitality Clients on Contract Concessions To Get Back On Their Feet 2020

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On-Demand Video

---------- CLE 1 sub/0 eth PRICE Regular: $79.00
New Attorney: $40.00
Subscribers Pay: $0.00


Our faculty will guide you through the process of how to advise your clients in the hospitality industry as they try to get back on their feet from the COVID-19 crisis.

Topics that will be covered are:

  • General commercial issues facing hospitality clients
    • Complex and interrelated contractual relationships (Jenga Game)
    • Lack of liquidity
    • Fully leveraged collateral
    • Personal guarantees
  • Overview of legal principals impacting concession negotiations
    • Force majeure
    • Impossibility/frustration of purpose
    • Good faith and fair dealing
    • Material adverse event
    • Forbearance
    • Forgiveness
    • Modifications and integration
  • Specific advice on categories of contracts
    • Leases/mortgages
    • Franchises
    • SBA Loans
    • Employees/ICs/Collective Bargaining
    • Vendors
      • Utilities (laundry, trash, cable, landscaping)
      • Inventory (food, alcohol)
      • Services (security, valet, entertainment, promotion)
    • Customers
      • Communications
      • Bookings
      • Refunds
      • Credits/vouchers
    • Governmental, philanthropic, and industry assistance available
  • Penultimate leverage
    • Bankruptcy
    • Receivership
    • Assignment for benefit of creditors

Recorded live on April 17, 2020.

Practice Areas


Cheryl L. Borland Esq. Griesing Law LLC (OH)
Julie Negovan Esq. Griesing Law LLC
Faculty may vary by location.
PBI reserves the right to substitute speakers at all programs.
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