Managing Force Majeure Obligations in the Post-COVID Landscape

Author: SirionLabs
Published: 05.05.2022
Contracts are among an organization’s most valuable assets. In addition to providing a primary source of revenue and safeguarding important relationships, contracts provide necessary legal protections and minimize risk. But without visibility and accessibility, contracts may actually represent a source of hidden risk. Bringing risk to the surface and providing clarity is critical to understanding and fulfilling contract obligations. Contract obligations can have a major impact on an organization’s exposure to risk. This has been underscored by the growing importance of force majeure clauses during the COVID-19 pandemic. COVID and the Rise of Force Majeure Clauses “A force majeure clause…