Business Contracts and Covid 19
The 21st of June has become an important date in the UK as we all look forward to the lifting of restrictions relating to covid-19.
Although there is light at the end of the tunnel, there are still a few things that you may want to consider with regard to b2b contracts.
If your business is likely to be unable to fulfill contractual obligations due to covid-19 and any fall out after June 2021, then you should review your contracts with suppliers and customers.
Some events are beyond the control of parties involved in a contrac. These events are commonly referred to as “force majeure” events and include things such as natural disasters, terrorist attacks or global pandemics. The clause will often allow a party to be excused from their contractual obligations should a force majeure ...