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Showing posts from May 25, 2020

IMPORTANCE OF FORCE MAJEURE IN COVID 19

COVID 19, it seems has changed the world forever. Barely a couple of months ago this virus was declared   a pandemic on 11 th March 2020 by World Health Organization, and in such short a time it has impacted each and every one on this planet [1] . It has made an adverse impact on almost all the economies of the world as major populations have been under some form of lockdown. Thereby, the pandemic has disrupted the normal functioning of industries and businesses which has further disrupted the day to day working and has resulted in affecting various operations and contracts. People are rightly afraid that the restrictions imposed on movement of people and goods would result in nonperformance of contracts by the parties involved. During such times the parties are trying to ascertain what will be their rights and remedies on non-performance of contracts. In such uncertain times the clause of ‘force majeure’ might come in handy for the parties involved. The Black’s Law Dictionary d...