As countries worldwide implement new and restrictive measures to
combat the spread of COVID-19, many businesses are finding that
they, or their business partners, are struggling or failing to meet
existing contractual obligations.
Do the unprecedented circumstances presented by COVID-19 mean
that a defaulting party will always be excused from performing its
obligations? The short answer is "no". The full
answer lies in the terms of the specific contract and the context
of the non-performance.
We focus below on a number of important contractual
considerations, concentrating on key contracts, supply chain
management issues, and revenue sources. We provide you with the
answers to a variety of questions we are addressing at the
moment.
