Introduction
Today we are facing a truly difficult situation. The global
coronavirus pandemic is affecting our life and communities. Most
businesses are in uncharted territory. In a bid to curb the spread,
the Government of India has announced unprecedented nation wide
lockdown. There is lot of anxiety over the impact of a continued
lockdown on the economy. Industries and business have started
accessing the financial and legal implication of the pandemic.
Force Majeure
In the last couple of weeks much has been written about force
majeure clauses and the impact of the pandemic on contract and
performance obligations of the parties under various commercial
contracts.
Force majeure refers to a contractual provision that limits
liability due to unforeseen events outside the control of the
parties that delay or entirely prevent performance of the contract.
It must be expressly provided for under the contract and the relief
will depend on the language of the
