Many business agreements have force majeure clauses that handle certain “acts of God,” such as tornadoes and earthquakes. But do your business contracts cover pandemics like the Wuhan coronavirus COVID-19?
What if you can’t perform timely (or at all) because this pandemic prevents your workers from delivering (e.g. quarantine)? Or what if the other party can’t deliver because the coronavirus has interrupted the supply chain indefinitely (or permanently)?
You can always amend your existing agreements to reflect what’s happening today with COVID-19.
And for your future contracts, be sure to have an experienced business lawyer craft your force majeure clause so that you’re protected.