Thu.Apr 16, 2020

article thumbnail

Understanding and Managing Force Majeure Risk Resulting from COVID-19

Cenza

In the last few weeks, as companies around the world have struggled to adapt to the dramatic changes brought about by the COVID-19 pandemic, one of the significant legal issues receiving attention is the potential application of force majeure (FM) provisions in legal contracts. Often overlooked as boilerplate of no consequence in the ordinary course of business, suddenly these FM clauses have emerged front and center because of their potential applicability in limiting performance obligations u