Navigating Tariffs and Supply Chain Contracts: Mitigating Financial and Legal Risks
A live 90-minute CLE video webinar with interactive Q&A
This CLE course will guide counsel on the potential impacts of the anticipated imposition of tariffs by the incoming Trump administration on supply contracts and the strategies attorneys and importers can use to navigate these challenges. The panel will discuss the steps to take to mitigate the financial and legal risks associated with tariffs, as well as supply contract issues such as the application of force majeure clauses.
Outline
- Impacts of tariffs
- Risks to U.S. company supply chains
- Financial and operational risks
- Legal implications for supply contracts
- Contingency planning to reduce disruption
- Strategies for alternative sourcing
- Risk management and mitigation techniques
- Managing contract obligations and legal risks
- Reviewing and renegotiating supply contracts
- Legal defenses and remedies
- Contract types
- Supplier contracts
- Customer contracts
- Transportation and logistics agreements
- Contract reviews to determine rights and remedies
- Exclusivity clauses
- Default and termination provisions
- Liquidated damages and other remedies
- Contract performance defenses
- Contracts going forward
- Drafting contracts with tariff considerations
- Future-proofing supply agreements
- Transportation and logistics issues
- Impact of tariffs on shipping and logistics
- Strategies for managing increased costs
- Future considerations
- Long-term impacts of tariffs on global trade
- Adapting to an evolving trade landscape
Benefits
The panel will review these and other key issues:
- Potential risks posed by tariffs to supply chains
- Contract considerations to help manage supply chain disruptions
- Application of force majeure clauses to tariff-related disruptions
- Impacts of tariffs on transportation and logistics services
Faculty
Gregory Husisian
Partner
Foley & Lardner
Mr. Husisian is a partner and litigation attorney with Foley & Lardner LLP. He is chair of the firm’s... | Read More
Mr. Husisian is a partner and litigation attorney with Foley & Lardner LLP. He is chair of the firm’s International Trade and National Security Practice, focusing on both international trade and international regulatory issues. Before entering private practice, Mr. Husisian clerked for the Honorable Jerry E. Smith of the Fifth Circuit Court of Appeals.
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Leah R. Imbrogno
Partner
Foley & Lardner
Ms. Imbrogno assists corporate clients, specifically manufacturing and automotive companies, throughout all phases of... | Read More
Ms. Imbrogno assists corporate clients, specifically manufacturing and automotive companies, throughout all phases of complex commercial litigation, mediation, arbitration, and international arbitration. She has successfully litigated and tried cases in state and federal courts, the American Arbitration Association and the Singapore International Arbitration Centre. Ms. Imbrogno has substantial experience in breach of contract, supply chain, warranty, recall and products liability litigation, as well as in defending manufacturers against class actions and managing trade secret claims and shareholder disputes. She is a frequent author and presenter on supply chain and other contract issues.
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Vanessa L. Miller
Partner
Foley & Lardner
Ms. Miller’s practice focuses on general manufacturing breach of contract and warranty disputes, automotive... | Read More
Ms. Miller’s practice focuses on general manufacturing breach of contract and warranty disputes, automotive supply chain disputes, product liability lawsuits, trade secret claims, and business torts. Ms. Miller defends consumer class actions involving claims of breach of contract, breach of warranty, fraud, negligence, and unjust enrichment. Ms. Miller also routinely counsels clients on various commercial contract documents and supply chain issues. She is a member of the firm’s Business Litigation & Dispute Resolution Practice, Automotive Industry Team and Manufacturing Industry Team.
CloseEarly Discount (through 01/31/25)