The Most Common Contractual Mistakes EPISODE 7: Not Addressing Events of Force Majeure
Business attorney Federico Vasoli of Dmtvglobal.com together with Natalia of OlowskaPierre.com discuss in a YouTube video the role of the Force Majeure clauses in contracts, how it works, why you put it into your contract and what it can do for you when you have it. With more and more volatile conditions affecting the performance of contractual obligations, such as the surgeon shipping prices on all materials, as well as measures introduced by governments to contain the pandemic, companies face unforeseen circumstances beyond their control which can ultimately make it impossible for the agreement to survive. In this difficult times of the pandemic many entrepreneurs think of the pandemic itself as an event of force majeure. Then – is it really so, can you treat the pandemic itself as a force majeure instance?