Assessing The Contractual Impacts of COVID-19
May 11, 2020
How are contract obligations affected in times of extreme uncertainty? This post from contract management provider ContractPodAi looks first at the force majeure clause and how it might apply when contract non-performance is the result of supply chain interruptions, or in other scenarios such as cases where ads have been paid for but don’t run. Some companies, including some in the battered travel industry, may find that while their policies have no force majeure clause, they have an alternative in the doctrine of “frustration of contract.” Also potentially applicable in some policies: coverage under business interruption provisions.
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