Parker Poe partnered with the German American Chamber of Commerce of the Southern United States (GACC South) on a webinar about navigating commercial contracts in light of COVID-19. The pandemic has already caused massive business disruptions that are affecting the rights and obligations of all parties involved in a wide variety of commercial contracts. In the webinar, Sam Moses, Al Guarnieri, and Steve Hunting discussed whether and under what circumstances a party may have the right to delay, alter, or cancel its performance obligations under a commercial contract as a result of the impacts of COVID-19 and related governmental closure and stay-at-home orders. The webinar addressed:
- Force majeure contract clauses.
- Common law defenses of impossibility and frustration of purpose.
- Rights of a seller of goods under UCC Section 2-615, excuse by failure of presupposed conditions.
- What we have learned and the effect on future contracts.
You can watch the webinar here and view the slides here.
You can find Parker Poe's other COVID-19 webinars and alerts here.