With Canada now entering its second month into its battle with the novel COVID-19 virus, businesses of all sizes are looking at potential remedies should they or their suppliers not be able to meet the demands of a contract.
One potential remedy is force majeure. Force majeure provision is a point of negotiation between the contracting parties that may or may not be included in the agreement and even if a force majeure is included in the contract, it does not necessarily mean that it extends to situations like the Coronavirus.
Where there is no contract or no force majeure contained in the contract, non-performance because of Coronavirus may constitute a breach of contract, which could result in termination of the contract with penalty and, even also, the possibility of litigation.
If your business is currently navigating contracts, we are here to help.
Stay healthy and safe!
Disclaimer/Disclosure:
The material provided on the www.twllaw.ca website is for general information purposes only. Our website and/or blog does not make recommendations for any companies, or the purchase of any services and/or products. Our website is not intended to provide legal advice or to provide opinions of any kind. The information/content on our website may not be used for professional or for commercial purposes. No one should act, or refrain from acting, based solely upon the materials or content provided on this website, any hypertext links or any other general information without first seeking appropriate legal or other professional advice. Additional information regarding our Privacy Policy can be found at https://www.twllaw.ca/privacy-policy.