Coronavirus: Be Prepared Contractual Impacts and How To Address Them
As many of us are needing to cancel and/or reschedule meetings and events, this article may be helpful in reviewing your contracts.
The Coronavirus threat has become a major source of news, concern and irritation for businesses, governments and individuals alike. The resulting impacts to business, the global economy and stock markets are readily apparent. Over the past several weeks we have been approached by clients in both the commercial and public (government) contracting arenas to assist them in addressing concerns and contract performance issues associated with Coronavirus and the potential impacts that this epidemic may have on projects and contracts alike. This raises the question of what to do?
WHAT IS A FORCE MAJEURE?