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"Force Majeure Clause" How it Impacts Your Contracts During a  Pandemic

Dear ,As a business owner, you're probably wondering what will happen to the contracts that you have entered into with people or companies that you transact business with in light of the business disruption caused by the current global health crisis. 

You may also be wondering what this means for your undelivered goods and unrendered services which have been paid for by your customers. You're worried that your customers might demand a full refund of their payments as you are breaching the terms of the contract you signed with them by not performing your obligations in the contract.But you don't need to worry, because the current COVID-19 crisis should automatically trigger the 'force majeure clause' in your business contracts if it was included and even if it wasn't included you may still have a cover. 

This article highlights what a force majeure clause is and how it impacts your contracts during the COVID-19 Crisis

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Stay Safe!Sincerely,Oluchi Johnson-AchibiriCommunity Manager, msmehub.orgFATE Foundation1st Floor, Water Corporation BuildingIjora, Lagos

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