A reinstatement clause is an insurance policy clause that states when coverage terms are reset after the insured files a claim.

A red clause letter of credit is a specialized financing method in which a buyer extends an unsecured loan to a seller.

This is an excerpt from Minority Report, a weekly newsletter on federal politics. If you haven't subscribed yet, you can do that by clicking here. Ontario Premier Doug Ford's decision to invoke the ...

On March 6, 2026, the U.S. General Services Administration (GSA) issued a draft version of a new contract clause, GSAR 552.239-7001, “GSA Federal Acquisition Service Proposed Government AI System ...

The Supreme Court’s 5–4 ruling in Rucho v. Common Cause last month dealt a harsh blow to American democracy. For the last decade, federal courts were the strongest bulwark against partisan ...

As a small business owner, you can be exposed to situations in which a client, customer or vendor files a legal claim that you must answer. While you may be conducting business in an industry in which ...

Although often commonly referred to as the “sweeping clause” or the “elastic clause,” the “necessary and proper” clause is not in fact as expansive as its nicknames suggests. After listing the 17 ...