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February 24, 2021
In both New York and Connecticut, a "time is of the essence" clause in a contract indicates that the failure to close the transaction by the time specified will be considered a material breach under the contract.
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January 06, 2021
On December 16th, 2020, the United States District Court for the Southern District of New York issued an opinion in which the Court interpreted a force majeure provision as it relates to the COVID-19 pandemic.
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January 04, 2021
As a result of the impacts of the COVID-19 pandemic, parties to residential real estate transactions have experienced and may continue to experience unanticipated delays in closings.
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