On 7 May we launched our series on ‘Contractual performance issues’ for businesses to survive lockdown and plan for the future.
We aim to help businesses address key issues to ensure that they are in the best possible position to continue to operate when we emerge from the Covid-19 crisis.
Our first three guides dealt with:
- whether contract amendments agreed during lockdown are legally binding (a copy can be found here);
- how duress and undue influence might make a contract unenforceable (a copy can be found here); and
- the enforcement of informal arrangements and the doctrine of estoppel (a copy can be found here).
In the fourth guidance published today we look at whether contracts can be terminated if Covid-19 or government sanctions prevent performance. You will find a copy here.
Further guidance in this series will be published during the next few weeks, but if you have specific queries, please do not hesitate to contact a member of our Dispute Resolution team.
We have also created an initiative called “LS Unlock” to help businesses access legal advice during these difficult times. This initiative has been designed specifically to assist clients in this uncertain economic climate and is part of our commitment to working with clients to survive the Covid-19 crisis.
An issue facing many businesses is whether commercial contracts can be terminated because of a breach and, depending on how that termination occurs, whether it could result in claims for loss and damage.