Business as (un)-usual after Covid-19? | Bryan Cave Leighton Paisner
The pandemic has put many contractual relationships under immense pressure. We explored in our last Business as (un)usual article here some of the problems which contracting parties may have inadvertently created for themselves when attempting to resolve urgent contractual performance problems or offer a counterparty some breathing space in the pandemic.
In this article, we examine some of the key themes we are currently seeing in fresh contractual negotiations. Having been tested under pandemic pressure, parties are keen to ensure that new commercial arrangements can be changed with ease and speed, or that they can relieve themselves of contractual obligations when performance becomes impossible or commercially unviable.
Rethinking variation of contractual terms and exit routes after Covid-19
Force majeure provisions were firmly in the spotlight last year, as parties scrambled…