Is There Any Escape Clause or Way Out?
Will your air tight contracts hold water in a pandemic situation like this? Ways to manage contracts that was signed before this pandemic and how to renegotiate it.
- What businesses can do in relation to their commercial contractual obligations viz their customers, suppliers, landlords, service providers.
- What to look out for in such commercial contracts.
- Discussion on “force majeure” clause and frustration of contracts.
- Can commercial contractual obligations be suspended or terminated?
- Re-negotiating terms under a commercial contract.
- Practical steps to take to mitigate potential breaches of contract.