4 ms·
It's exactly what force majeure clauses are for. If something gets cancelled or becomes unreasonable because of Covid-19, this gives a reasonable way to exit co
by PeterisP 7y ago
It's exactly what force majeure clauses are for. If something gets cancelled or becomes unreasonable because of Covid-19, this gives a reasonable way to exit contracts without penalties, and that is a good thing because given very unusual circumstances, we want people and organizations to be able to adapt instead of being pressured financially to execute things that seemed reasonable last year but are not now.
The first area where I'm seeing widespread uses of force majeure clauses is the cancellation of large events, conferences etc with limited or compensation for the cancellations. And again, while this hurts some people a lot, this is mostly a good thing, because we do want to give the organizers the ability to break their commitments and cancel the conference with much smaller consequences (to them) than an ordinary cancellation would have; we don't want the organizers to be pressured to hold the event at all costs.