Force Majeure – Impact On Commercial Contracts – Covid 19
COVID-19 – Force Majeure And Its Impact On Commercial Contracts
The global COVID-19 outbreak has disrupted all industries and has put a significant population of the world under lockdown. This has prevented the efficient working of businesses and has impacted existing operations and contracts. On the issue of contracts, this outbreak has brought many new aspects to the fore, one of which includes the Force Majeure clause that impacts formal contracts. Given the disruption of supply chains caused by the COVID-19 pandemic, many contracts will be delayed, interrupted, or even cancelled.
In this article as attached below, our Partner – MITRAA Legal Mr. Kumarpal Chopra has analysed the Term Force Majeure and its relevance in the Indian Context, when does such an event get triggered and steps by step guide incase you would want to rely on the Force Majeure clause in your business contracts.