Using Material Price Escalation Clauses to Offset Increasing Input Costs and Forecasting Post-Pandemic Price Drops

By: Tyler S. Lemen Since March of last year, construction input prices are up 12.4%.  Certain materials, like softwood lumber, iron, and steel, are up 83.4% and 37.5 %, respectively, since this time last year.  COVID-19 undoubtedly played a role in year-over-year price growth… Read More >

Indiana Courts Begin Hearing Claims Against Insurers for Business Interruption Coverage Due to COVID-19

By: Melanie Kalmbach Since the COVID-19 pandemic initially shocked the world, there has been an influx of lawsuits filed by restaurants, stores, and other businesses against their insurers alleging coverage for lost “business income”, “extra expenses” and coverage for actions taken by a “civil… Read More >

Businesses Have a New Remedy to Protect Trade Secrets

By: David L. Simmons, Drewry Simmons Vornehm, LLP A new federal law governing trade secrets – the “Defend Trade Secrets Act” (DTSA) – went into effect on May 11, 2016. The DTSA authorizes a company that has been the victim of trade secret theft… Read More >

When Are Trust Funds Vulnerable To The Claims of Creditors?

By: David L. Simmons, Drewry Simmons Vornehm, LLP A trust is frequently used in estate planning to preserve assets from the claims of creditors. For example, a “settlor” may create a “spendthrift trust” for the welfare and support of a “beneficiary.” The settlor names… Read More >