COVID-19 - Navigating Contractual Disputes Arising From COVID-19

Monday, July 13, 2020

COVID-19 and the continuously changing laws and regulations that followed have greatly disrupted the way business is conducted. Indeed, even with the federal and state financial assistance available, businesses continue to face hardships satisfying contractual obligations. Common issues include rent and debt obligations, supply chain requirements, outstanding accounts payables/receivables, and other general business obligations. Likewise, some businesses may be suffering harm due to a contract partner’s inability to satisfy its obligations. To understand the risks and potential remedies, business owners and in-house counsel should familiarize themselves with the applicability of the legal arguments discussed below as parties seek to lessen, and even completely relieve themselves of, contractual obligations.

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