Business as Unusual: Contracts During the COVID Crisis
Welcome to the next series of the Community Business Workshop!
About the Workshop
In the current pandemic, businesses around the globe are shut down or unable to operate as usual and wondering how to manage prior commitments and agreements. What does a storefront lease mean, when the store is not allowed to open and the tenant cannot possibly pay the rent? What should a business do if a suppliersays they can’t deliver? What should a business tell its customers if it can’t deliver? In this workshop, we will discuss how contracts are interpreted when a crisis outside of the parties’ control makes it impossible to proceed as planned. We will talk through practical tips for negotiating with landlords during the coming weeks. And we will talk about how you can craft future contracts to plan for the unpredictable.
About the Speaker
Beth Kregor is the director of the IJ Clinic on Entrepreneurship. UnderBeth’s guidance, University of Chicago law students take their first steps into the practice of law by providing legal advice to lower-income entrepreneurs. Prior to joining the IJ Clinic on Entrepreneurship, Beth practiced law with Sidley Austin Brown &Wood for several years, with a focus on intellectual property litigation. In the fall of 2003, she joined the IJ Clinic on Entrepreneurship. She is expanding the clinic’s practice in the field of intellectual property law.
About the Series
The Community Business Workshop Series is a joint collaboration of Polsky Exchange, the IJ Clinic on Entrepreneurship and the University of Chicago Office of Civic Engagement. The goal of the series is to provide South Side businesses and entrepreneurs with substantive and actionable programming to grow and sustain their businesses. This series is intended for South Side community entrepreneurs looking for support and connections in starting up their small businesses. The Community Business Workshop Series is made possible with the generous support of MUFG Union Bank, N.A. For more information, please visit: UnionBank.