On 11th March 2020, the World Health Organization (WHO) has declared COVID-19 as a Global pandemic. The government announced a lockdown which would essentially result in a standstill for many people including businesses, using the ‘Work from Home’ option if available or temporarily stopping work.
This initiative by the Government poses the following questions-
- How would contracts be treated due to the stoppage of work?
- What would be the implications if the Contract contains the Force Majeure Clause?
- What would be the implications if the Commercial Contract does not contain the Force Majeure clause?
- What is the effect of COVID-19 on Negotiable Instruments?
We at Incorp have answered the above issues in detail.
As a committed advisor to our clients, we welcome any opportunity to discuss how the lockdown will impact your business. Contact us.
Download guide answering all issue related to Covid 19 impact on Force Majeure
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