Coronavirus and force majeure: What is the impact on commercial contracts?

Coronavirus and force majeure: What is the impact on commercial contracts?

 

The coronavirus pandemic has fundamentally changed the way we live, work and, crucially, do business. In recent weeks , companies have been scrambling to determine whether they have a valid “get-out-of-jail-free” card in the form of force majeure in their commercial contracts and we’ve already seen the likes of Tui and Primark invoking the clause to attempt to relieve themselves of their obligations. 

What does it mean and how do we future-proof against similar pandemics in the future? What are the practical impacts of force majeure and how can you protect yourself in the future from its effects?

Electra Japonas, CEO of The Law Boutique, a challenger firm, discusses these issues in her recent article.

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Coronavirus and triggering force majeure: What are my options?

 

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About the author:

Amy leads the thought leadership and content strategy for LexisNexis UK. Her work appears in LexisNexis' marketing campaigns, industry press and legal industry magazines. She is an established writer and researcher, having contributed in national publications, such as City A.M. and Financial IT. She is also one of the writers and digital editors of LexisNexis' insights blogs, the Future of Law and the In-house blog.