Contract Basics: Force Majeure and Business Interruption: Presentation Materials | Practical Law
A PowerPoint presentation that counsel can use to train employees of a Canadian company who routinely negotiate commercial contracts, such as procurement, distribution, and sale of goods and services agreements, about key issues they should consider in responding to the effects of a force majeure event. It gives a high-level overview of the key legal concepts related to force majeure events and resulting business interruptions, including the impact of a force majeure clause in a commercial contract, other legal excuses for non-performance, steps to take when a force majeure event occurs, insurance coverage for force majeure events, and considerations when negotiating a force majeure clause.