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Contracts during the Pandemic
Blackletter
English - September 06, 2021 13:00 - 3 minutes - 3.06 MB - ★★★★★ - 16 ratingsManagement Business News Business News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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On this episode, Tom discusses what a force majeure is and why it is relevant to the pandemic. A force majeure is a provision in a contract that comes into effect when something significant happens such as earthquakes, floods, labor shortages, strikes, and sometimes—pandemics. As the Delta variant sweeps across the country, force majeure clauses may become enacted. Tom covers what the contract would need to specify in order for the contract to be delayed or broken under the clause. He dives into what the courts will look for in order for the force majeure clause to be used, as well as provides examples.