Is there a way to protect yourself from a difficult contract during this pandemic?
How do you protect yourself – or your company – from the terrible financial consequences of this pandemic? This video shows you how.
This is the first episode of my series ‘The Legal Consequences of the Covid-19 Pandemic’.
This 23-minute video explains how you can protect yourself from a difficult contract during this pandemic.
It is easy to understand.
If you are a shipper, airline owner, transporter, or an oil and gas company spread across the globe, a supermarket owner, or run a vegetable farm, you need to watch this video.
Here, I cover the topic of Force Majeure
A Force Majeure event is an ‘unexpected event’.
A ‘force majeure clause’ in a contract deals with unforeseen events: it determines how parties have agreed to deal with such events. Force majeure clauses are widely used in international and commercial contracts.
This video explains, in lucid terms, at what a force majeure clause is, and how it works during this Covid-19 pandemic.
The industries to which this video is relevant are:
But what if your contract has no force majeure clause?
Then you have to fall back on the concept of Frustration, which I explain in the video.
To find out more on related subjects…
(1) To find out more on what Legal Consequences the Covid-19 pandemic brings, click here.
(2). To check out if a commercial tenant protected during the Covid-19 pandemic, click here.
(3). To find out if force majeure or frustration apply to employer-employee relationships, click here.
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