The Need for and Usefulness of a Business Interruption Agreement in a time of Uncertainty
Wednesday, July 15, 2020
Posted by: Alyce Ryan
Videoconference & Free Template
July 15, 2020 – AICC, The Independent Packaging Association, has crafted a template that can serve as an agreement between an AICC member and another in the event that the member company cannot complete work due to pandemic, natural disaster, or other unforeseen, disruptive circumstances.
Earlier this year, at the onset of the pandemic, when states were ordering shutdowns, many members feared having to cease operations for a time if there were positive cases in their plants. Customers of some AICC members asked them about their “contingency” or “business interruption” plans if they had to close. How would these customers have their box orders met?
This document, crafted by AICC legal counsel David Goch, of the firm Webster, Chamberlain, & Bean, is meant to serve as a guide for an AICC member company to complete customer commitments with the support of another converter in the event of a business interruption, while also respecting all applicable fair trade and anti-trust laws. AICC recommends that this document be reviewed and modified to suit by the member’s attorney.
This downloadable template is available under “whitepapers” at www.AICCbox.org/Store free of charge to AICC members, and for $250.00 to non-members.
David Goch will speak about the need for a business interruption agreement and best practices for utilizing such a document during the next AICC packaging industry COVID-19 videoconference on Friday, July 24, at 2:00 pm ET. More information about the videoconference is available at www.AICCbox.org/Calendar.
A recording of the videoconference will be available the following Monday, July 27, at www.AICCbox.org/COVID.
Questions about seminars or webinars can be directed to Taryn Pyle, Director of Education & Leadership Development, email@example.com, or Chelsea May, Education and Training Manager, firstname.lastname@example.org or 703.836.2422
About AICC, The Independent Packaging Association
We are a growing membership association which serves independent corrugated, folding carton, and rigid box manufacturers and suppliers with education and information in print, in person, and online. AICC membership is for the full company and employees at all locations have access to member benefits. AICC offers free online education to all members to help the individual maximize their potential, and the member company maximize its profit.