Business contracts are sacrosanct in nature, therefore, enforcing them should never be a subject of negotiation, however difficult the circumstances might be. Contract obligations must be perf ormed, with the sanction of a potentially painful trip to the courts, arbitration or adjudication standing behind them for failure to perform.
No ifs, no buts. Unless, that is, something out of the ordinary happens. And now, many are asking, is that something the Covid-19 Virus? In this article we analyze the impact of COVID- 19 on execution of contracts and if the effects of COVID-19 may be sufficient grounds to prevent fulfillment of contract obligations.
30th Aug 2023
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30th May 2023
02nd Dec 2022
13th Oct 2022