Commercial and Contract Law Implications of the COVID-19 Pandemic | Practical Law
The outbreak of the 2019 novel coronavirus disease (COVID-19) is having significant impacts on companies and their commercial transactions. This Article discusses the contractual and commercial issues resulting from this pandemic including the applicability of force majeure clauses and other legal excuses for performance such as impossibility, impracticability, and frustration of purpose. It also discusses insurance coverage for losses related to COVID-19.