Apart from the devastating impact that Coronavirus continues to unleash on human beings and countries worldwide, its outreach has also reached commerce and business. Businesses have been impacted and so have operations and consequently contracts and obligations under contracts are being revisited to assess these impacts. On the issue of contracts, this outbreak has brought many new aspects to the fore, one of which includes the Force Majeure clause that impacts formal contracts. Given the disruption of supply chains caused by the COVID-19 pandemic, many contracts will be delayed, interrupted, or even canceled. Many buyers might just cancel, suspend or terminate the agreement invoking the Force majeure Clause.
Many contracts may not contain the Force Majeure clause explicitly to define clear execution/procedures to be conducted to claim benefits under the clause due to the COVID-19 outbreak. Do you feel devastated by the decision of your buyer to suspend your procurement agreement and are seeking help/assistance in this matter?
Connect with us at https://sabkuchlegal.com/contact-us and explain your issue to our empaneled lawyers. We have expertise in Contract Management and Agreements & Deeds and are most likely to solve your problem. All this can be done without the hassles of visiting our office and through phone/video call at very affordable fees.