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Category Archives: Breach of Contract
In a construction contract, how a contractor handles dangerous or raw materials can have important consequences. Unsafe practices could lead to the shutting down of facilities, substantial fines from government regulatory agencies, or business torts like breach of contract or liability for dangerous materials hazards. Contractors and sub-contractors should always take the time to spell out precise responsibilities, risks and costs amongst all of the parties involved in the construction contract. A few of the areas that businesses in construction projects often include in their contracts include: Who is responsible for testing for hazardous materials (for example, in older buildings, the presence of asbestos requires certified testing and removal) Which party is responsible for unexpected site conditions, which can add thousands of dollars of unforeseen costs to a project To limit liability, businesses also need to adhere to state and federal laws and regulations by ensuring that they properly train…
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Manufacturing company Pacific Steel has had tough times of late. Along with the downtown in the global steel market, Pacific Steel is currently dealing with two legal problems. First, it had to fire about a third of its employees (200 overall) during the holiday season due to trouble complying with immigration laws. A federal audit revealed that quite a few of Pacific Steel’s workers were in the country illegally. The company had no choice but to let them ago. Second, Pacific Steel is now facing a class action lawsuit over alleged violations of labor laws. An employee who worked for the company from 1967 until retiring in 2000 brought the lawsuit on behalf of 100 former or current workers for Pacific Steel’s failure to provide proper lunch and rest breaks to employees. The lawsuit alleges that Pacific Steel forced employees to work six hours or longer before they could take…
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A legal dispute between Paramount Pictures and a group of financers highlights some of the things that can wrong when two sides enter into a financing contract. The financers – a group called Melrose 2 out of New York City – agreed to back several Paramount movies in exchange for 25 percent of forthcoming revenue. The movies involved in the deal are big hits, including Mission Impossible 3, Blades of Glory and the Transformers series. Melrose 2, however, claims that it is not getting its fair share. Melrose 2 believes that Paramount is underreporting its profits, thereby cutting Melrose 2 out of the money that the financers claim they are due. Having provided $375 million in financing to Paramount, Melrose 2 says that it has not yet had a dollar of profit despite the films’ bringing in $7 billion in revenue. Paramount counters that the fraud charges are untrue. It…
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