FSMA's Potential Impact, Part 1: Force Majeure Clauses
May 16, 2012, 1:44 PM EDT
Law360, New York (May 16, 2012, 1:44 PM EDT) -- Currently, industry is awaiting the U.S. Food and Drug Administration’s (FDA) issuance of rules implementing the Hazard Analysis and Risk-Based Preventative Controls provisions of the Food Safety Modernization Act (FSMA). Without a doubt, the pet food, animal feed and related industries will be faced with costly new regulatory requirements regarding their operations.
However, the FSMA will impact not only the internal operations of participants in the pet food and animal feed industries, but also the commercial relationships between those participants as well as other business arrangements,...