The implications of COVID-19 are being felt at local, national,
and international levels. As the threat of this unprecedented virus
persists, governments and business owners are forced to respond
with various measures to counter the spread of the virus and the
impact it has on the operation of business. At this time and in the
face of uncertainty many business owners are exercising precaution
and preparing as best they can.
Considerations for Business Owners
Fulfilling Contractual Obligations —
First and foremost, contact the other party to the contract and
request relief in light of the circumstances. If relief is
provided, be sure to document specifics including the length of
time the relief will be provided. If this is unsuccessful, review
your agreement for force majeure provisions or material adverse
change provisions. These provisions may allow you to break out of
the contract, relieving you of your obligations. If your contract
does not contain a provision
