Tariff Tension
A few commercial clients have asked how to manage tariff risks in their contracts. Tariff uncertainty is creating real challenges for businesses, from rising costs to supply chain disruptions. Reviewing key contract terms now can help mitigate risk. Key provisions to review: • Force Majeure: May not cover tariffs unless clearly drafted. • Change in Law/Tax Clauses: Can adjust pricing or timelines if tariffs impact costs. • Termination Clauses: Consider exit options for tariff-driven price incre