The Coronavirus and Force Majeure Clauses in Contracts | 電影影評網
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2020年4月6日—Aforcemajeureclauseisacontractualprovisionwhichexcusesone...Thesefactorssupportthepossibilitythatbusinesseswillbeable ...
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Across the globe, businesses are experiencing issues with productivity due to employees being self-quarantined to prevent risk of exposure to the coronavirus (COVID-19), and due to facilities being shut down in an attempt to slow the virus’ spread. In light of this, many businesses are now seeking to determine whether they are obligated to perform under their contracts, or whether they can invoke a force majeure clause to excuse performance temporarily or even permanently. Below, we review force majeure, how it can apply in various jurisdictions, the analysis companies must undertake before invoking it, and the options available in lieu of force majeure.
Force Majeure Clauses GenerallyA force majeure clause is a contractual provision which excuses one or both parties’ performance obligations when circumstances arise which are beyond the parties’ control and make performance of the contract im...
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