Force Majeure Revisited With Lessons of 2020

Force majeure revisited

Force Majeure Revisited With Lessons of 2020

The Concept of Force Majeure can be understood to answer the questions as a way forward. Does the outbreak of COVID-19 constitute force majeure and results non-performance of commercial contracts? What steps should a company take if the supply to its customers is disrupted? When should a force majeure notice be issued? How does COVID-19 affect “Time is of the Essence” clauses in contracts? Who is responsible for losses when a supplier cannot supply to its customer due to the COVID-19 outbreak? What steps should be taken in response to a force majeure notice? How to legally tackle a supply chain disruption? How long can a party seek to avoid performance as a result of COVID-19?

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