The coronavirus has disrupted the economy and business activity, making it difficult or challenging for some parties to honor their contractual obligations. In fact, it is apparent that parties are terminating their...more
3/6/2020
/ Business Interruption ,
China ,
Construction Contracts ,
Construction Project ,
Contract Drafting ,
Contract Negotiations ,
Contract Terms ,
Contractors ,
Coronavirus/COVID-19 ,
Critical Infrastructure Sectors ,
Delay Claims ,
Emergency Management Plans ,
Force Majeure Clause ,
Foreign Commerce ,
Imports ,
Infectious Diseases ,
Performance Standards ,
Public Health ,
Real Estate Development ,
Risk Management ,
Suppliers ,
Supply Chain ,
Supply Contracts
Construction is a risky business. During construction, claims for personal injury, property damage and economic losses are foreseeable and must be managed. After completion of construction, warranty claims and claims for...more