Panelist, "May the Force (Majeure) Be With You or Not?" Webinar, American Bar Association
The coronavirus pandemic has interrupted business flow in unprecedented ways. Businesses have ground to a halt or been severely restricted in economic activity. The Force Majeure clause has, in some cases, become the means for businesses to allocate losses which has meant business shutdowns, "furloughs" and other disruption of cashflow for workers and employees in the entertainment and sports industries.
At ABA panel, DWT partner Darren Traub explored these and other related issues and provide some practical solutions to these critical questions:
- What do Force Majeure clauses cover?
- What is the allocation of cost and expense under a Force Majeure clause?
- How do you make sure the Force Majeure clauses don't excuse a party's negligence or fault?