Posts tagged Force majeure
Paying for a Business' Additional Costs and Lost Revenue Due to Coronavirus

Throughout the nation, businesses and real estate owners are facing financial challenges due to coronavirus. If the businesses aren't closed altogether, they may have fewer customers and lower profits, if any. And there are the additional out-of-pocket costs associated with combating COVID-19. In some instances, business interruption insurance or contract risk allocation language may provide relief from COVID-19 financial losses.

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An Orchestra, the DC Beltway, and Acts of God: Why Your Contracts Need a Force Majeure Clause

I had expected the usual “please turn off your cell phones and do not take pictures or make recordings.”  Instead, we were given an explanation for the unpopulated stage -- half of the orchestra had not yet arrived at the concert hall because they were in a bus stuck on the DC Beltway.

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