Sat.Jan 25, 2020 - Fri.Jan 31, 2020

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But I Didn't Read It Before I Signed It

GDB Firm Blog

We've all heard that argument before. Once again, a New York Appellate Court rejected the argument in a commercial transaction. You can't get a lot clearer than having a court say that people who sign a loan agreement are "presumed to know the contents of the instrument [they] signed and to have assented to such terms." The court went on to say, "even if, as he testified, [the guarantor] failed to read the agreement before signing it, that does not excuse him from performin

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USMCA: Implications for Biologics and Innovation

Bio Law Blog

On Wednesday, President Donald Trump signed the United States-Mexico-Canada Agreement (USMCA) into law. The USMCA contains a number of key and last-minute revisions that implicate biologic medicines and patent obligations. In the original version of the USMCA, Canada and Mexico would have been required to extend the exclusivity provided to new biologic medicines and provide ten years of exclusivity.

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NY Legislature Expands Use Of "Design-Build" Contracts

GDB Firm Blog

Governor Cuomo rang in the new year by signing the New York City Public Works Investment Act, authorizing a variety of NYC agencies to enter into design-build contracts whereby one entity both designs and constructs the public improvement.