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Policyholders Beware: Two CGL Endorsements May Limit Your Liability Coverage (Part 1)
Insurers have recently added novel endorsements to commercial general liability, or CGL, policies, both of which may impact a policyholder’s coverage. We have analyzed two that may create serious roadblocks to coverage for Washington policyholders: t...
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What Is a Warranty?
Warranties are ubiquitous in construction contracts and purchase orders. They are sometimes inducements. They are sometimes negotiated. Oftentimes, however, they are boilerplate, given scant consideration until an issue arises. As a creature of contr...
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Bankruptcy Risk for Contractors Caught in the COVID Squeeze
The global pandemic has had an unprecedented impact on the economy and the construction industry in particular. This includes supply chain delays and wild fluctuations in the price of building materials like lumber and steel. Just recently, Katerra f...
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New Homestead Exemption Significantly Impacts Property Owners
In case you missed our blog post on Bank Law Monitor last month regarding the Homestead Exemption, significant changes to the Washington homestead statute were made that impacts property owners and contractors alike. Senate Bill 5408 became effective...
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Addressing Material Price Escalation
The cost of certain critical construction materials has risen exponentially. Global steel production dropped in response to COVID-19, decreasing supply, increasing price. Engineered wood products are scarce, with material suppliers rescinding prior c...
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Revisit a Lease Form with Lessons from the Pandemic in Mind
This was originally published in The Daily Journal of Commerce Oregon. COVID-19 affected businesses of all kinds, but few more completely than commercial landlords. The early months of the pandemic saw landlords and tenants alike carefully scrutiniz...
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