The unforeseen coronavirus pandemic as we all know has disrupted
personal lives as well as businesses. The concern is not only
limited to the meltdown of the stock market or shortage in
manufacturing and supply chain but also towards the performance of
commercial contracts. Contracts like transaction agreements, supply
and manufacturing contracts, leave and license agreements, lease
arrangements, project finance and construction agreements, amongst
others are likely to be affected by the lockdown imposed due to the
Covid-19.
Events like the Covid-19 pandemic change the course of society
for many years to come. Medical science has advanced at lightning
speed, however, it has not yet offered protection from Covid-19 and
is unlikely to offer total protection from a possible future
pandemic. The ultimate question that arises is: what happens next,
and how to legally prepare for it?
