Understanding and Managing Force Majeure
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Force Majeure and Covid-19. Frustration and Termination – practical steps to take to minimise risk in your contracts in the pandemic.
This popular current topic will cover the termination and suspension of contracts due to disruption caused by COVID-19, and alternative options if your contract does not expressly include a force majeure clause, look at frustration, material adverse change clauses, supply chain disruption, financial adjustment, cancellation, exit, compensation and managing contracts for the future with examples.
All organisations are reviewing their contracts or indeed their counterparties to decide whether to terminate or suspend a contract.
This course is designed based on client requests to provide guidance - providing examples and sharing up to date practice, along with checklists of steps to take.
It will draw upon the trainer’s specific experience of this part of contracts while a lawyer specialising in cross border transactions for public and private sector clients from a range of sectors.
This course will cover:
- Termination and suspension of contracts due to disruption caused by COVID – 19
- Alternative options if your contract does not expressly include a force majeure clause
- Frustration of contract claims
- Material adverse change clauses
- Supply chain disruption
- Financial adjustment
- Managing contracts for the future with examples.
Who Should Attend
- Company Directors
- Corporate Finance and Private Equity Professionals
- Contract Managers
- Procurement Professionals
- Financial Directors
- Commercial Directors
- Senior Executives
18 September 2020 09:20- 12:30
Covid 19 – Legal Implications and Force Majeure – Basics you need to know
- When is a Pandemic Force Majeure?
- 5 Stages of Analysis of a Force Majeure clause to decide whether you have a claim.
- What if you do not have a Force Majeure clause?
- Alternative claims
- Frustration of contract in the event of a pandemic or crisis
- Material Adverse Change clause
- Price adjustment and hardship clause
- Change of law - Action you can take
Covid 19 – Legal Implications and Force Majeure – Practical steps for you to take
- What to do if your counterparty claims Force Majeure or Frustration
- Cross border review – selected jurisdictions
- Your Supply Chain –Disruption – A 10 Step Guide
- Tips for Managing your contracts now and avoiding future disputes
- 10 Top Tips - Practical Considerations