Posted Tuesday 17th March 2020
COVID-19 is having a profound effect on businesses worldwide. It is crucial that in these unprecedented times businesses really understand their legal rights and obligations in the agreements they currently have.
Businesses should actively consider whether this outbreak could constitute a force majeure event such that they are excused from performing their obligations in the contract, or, if no force majeure clause exists whether they can argue that the contract has been frustrated.
Both of these remedies need to be carefully considered if they are to be deployed, but can be an effective way of dealing with a situation where you are unable to perform your obligations through no fault of your own.
We are here to help. Do get in touch if you need help navigating these unprecedented times.
This article is for reference purposes only. It does not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking or deciding not to take any action.
