Sent or received a force majeure notice under an English law governed contract? Here is a checklist for issues to consider in respect of the 10 most common questions we have been asked by clients.
The economic effects of COVID-19 are now being felt globally and economic disruption is likely to continue throughout much of 2020 and beyond.
The outbreak has caused many businesses to review contractual agreements and consider: (a) whether they are able to continue to perform their obligations; and (b) what the consequences of not performing will be.
As a result, many businesses are intending to send or have received “force majeure notices” – being notices sent in accordance with a contractual force majeure provision, which purport to suspend (either for a fixed period of time or indefinitely) the parties’ contractual obligations, citing COVID-19 and/or its consequences as the relevant “force majeure event”.