For businesses facing a situation where its performance under a contract may be delayed or it may not be able to perform at all because of COVID-19, there are a few potential avenues that can provide a defense for its delay in performance or nonperformance. Discussed below are defenses based on common law principles of “frustration,” “impracticability” and “impossibility.”
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For businesses facing a situation where its performance under a contract may be delayed or it may not be able to perform at all because of COVID-19, there are a few potential avenues that can provide a defense for its delay in performance or nonperformance. Discussed here are potential defenses based on Article 2 of the Uniform Commercial Code.
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For businesses facing a situation where its performance under a contract may be delayed or it may not be able to perform at all, there are a few potential avenues that can provide a defense for its delay in performance or nonperformance. Discussed here is force majeure clauses.
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