Bruce E. Loren

Meaningful Insight

Prevention is always preferable to cure.  We always look out for what’s ahead to ensure clients stay ahead of the curve. Our newsletters, seminars, and videos focus on the law so that you can focus on your business.

How to Keep Your Trade Secrets “Secret”

By Bruce E. Loren | Oct 22, 2022

Often, a company’s most valuable assets can be its “trade secrets.” The formula for Coke holds an immense value for Coke. What makes a trade secret so valuable is the fact that the secret is truly secret. What is a trade secret? Congress has defined a trade secret in a broad sense as all forms

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Cross-Default Provisions in Construction Contracts

By Bruce E. Loren | Oct 17, 2022

Contractors commonly enter into subcontracts with the same party concerning numerous, separate projects. These subcontracts sometimes contain “cross-default” provisions, which have significant implications on all outstanding subcontracts. You should know what a cross-default provision is, how to spot one, and how to use one for the benefit of your own business. What is a cross-default

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Accepting a Reduced Final Payment – The Project Close-out Change Order

By Bruce E. Loren | Oct 13, 2022

Waiting to get your retainage payout is an unfortunate reality for many subcontractors. Whether it is because there is work from others that needs to be completed, there is a dispute not involving your work between the owner and general contractor, or any number of other reasons, you continue to request payment and the only

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New Florida Laws affecting Contractors

By Bruce E. Loren | Aug 15, 2022

On May 26, 2022, Senate Bill 2D (“S.B. 2D”) and Senate Bill 4D (“S.B. 4D”) became law. The stated purpose of S.B. 2D is to lower the costs for insurance companies in the hope that rates for homeowners will be lower.  Also, S.B. 2D strengthens an insured’s ability to pursue claims of bad faith against

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The Statute of Limitations and Construction Litigation

By Bruce E. Loren | Aug 10, 2022

In Florida, the law requires lawsuits to be filed within certain time periods. The time period depends upon the type of claim, for example, a claim for breach of contract has a different time period than a claim for tortious interference. In the construction world, different claims have different time periods. What is the “statute

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OSHA Cracking Down on Heat Illness Prevention

By Bruce E. Loren | Aug 8, 2022

OSHA is planning on doubling its heat-related inspections during a three-year program that went into effect this past April. Pursuant to new guidance issued under its “National Emphasis Program,” OSHA seeks to ensure that employers are adequately protecting their employees from heat related illnesses. Of course, construction sites (in addition to other outdoor jobs) are

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Case Studies on Recent Factoring Litigation

By Bruce E. Loren | Aug 1, 2022

Factoring clients always ask us what they could have done differently to avoid lawsuits with their Clients and/or Account Debtors. In some cases, the Factor does everything correctly and litigation is inevitable. However, over the past several months, we have had Factors engaged in lawsuits that were largely avoidable if the Factor had taken certain

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Important Insurance Endorsement News for General Contractors and Subcontractors

By Bruce E. Loren | May 16, 2022

A relatively recent endorsement is becoming more and more prevalent in the construction industry, and given the large risks associated with it, we recommend that our clients make sure that it is not included as part of their policies. In addition, we strongly recommend that our clients make sure that their subcontractors are not carrying

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A Jurisdictional Guide of how to Manage Risk in Multinationals

By Bruce E. Loren | Apr 9, 2022

IR Global – Going Beyond Expectations IR Global members collaborate with the Association of Corporate Counsel (ACC) to offer their jurisdiction-specific perspectives when representing a client with significant business activities in foreign jurisdictions. Loren & Kean Law partner, Bruce Loren, is featured on page 40. Click here to read more from downloadable PDF

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Preserving Claims for Money and Time

By Bruce E. Loren | Mar 30, 2022

The risks to contractors and subcontractors on construction projects have increased exponentially in recent years, and we don’t see them slowing down with the rising costs of construction. Contractors are being forced to agree to extremely abbreviated project schedules and higher liquidated damages penalties than ever before. Combined with supply-chain disruptions and material shortages this

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