Interest Groups

What is the Legal Impact of the Coronavirus on Business Contracts? - Business Law News

Get the news you want the way you want it: click the RSS button in the right corner to add this feed to your RSS reader, or click here to subscribe to this content. By subscribing, you’ll find this news on your Member Account page, and the latest articles will be emailed to you in your customized IndyBar E-Bulletin e-newsletter.

Business Law News


Posted on: Apr 7, 2020

By Tim Devereux, Wagner Reese LLP

According to an article written by Deloitte, business contracts, such as supply agreements, often include “Force Majeure“-clauses or provisions with respect to “acts of God." Typically, respective clauses aim at governing the consequences of cases of default in performance being related to circumstances or events, which are beyond the control of the contracting parties. The onset of the coronavirus pandemic and the government ordered closure of non-essential businesses will soon make these clauses a hotbed of business litigation. A more detailed discussion of this topic can be found here.

If you would like to submit content or write an article for the Litigation Section, please email Kara Sikorski at ksikorski@indybar.org

DID YOU KNOW?

Indianapolis Bar Association (IndyBar) est. 1878 | 4,536 Members (as of 2.11.21)