Category44

Commercial Lease

How will Covid19 impact your business contracts?

By Commercial Contracts, Commercial Lease, Featured

Covid-19, better known as the Coronavirus, has been headlining the news for weeks. With the epidemic worsening, businesses now fear how this will impact their contractual obligations. Normally, the law obliges businesses to continue with their performance obligations absolute. However, if the operation of force majeure comes into play or the contractual agreement is frustrated then the games changes… Does your contract contain a force majeure clause? Is it difficult to perform your contractual obligations resulting in business standstill? If so, the below will provide you with guidance on how to resolve, avoid and mitigate the commercial turmoil that Covid19 has brought with it.

What is force majeure?

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COVID-19 – 5 Things Commercial Landlords Should Prepare For

By Commercial Lease, coronavirus, Featured, Food for thought, Property

First and foremost, it should be borne in mind that any advice arising from the issues relating to COVID-19 are constantly evolving, therefore you should always consult the latest directions from the government, NHS, Public Health England and WHO before taking any action.

The consequences of this new drastic regime whereby people are self-isolating, and businesses are operating remotely are far-reaching. Many are concerned but aren’t sure how to act in the current climate, therefore this article aims to provide some clarity to landlords and tenants in the commercial property sector.

So, what exactly should you be doing and what should you be aware of?

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