Answering Questions about Contracts and 'force majeure' in the Age of Coronavirus
A new ebook from ALM's Law Journal Press addresses clients' concerns about the enforceability of contracts in the wake of COVID-19.
June 24, 2020 at 03:00 PM
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When New York’s Metropolitan Opera was facing financial difficulties earlier this year, the opera’s management decided to lay off all its union employees for the length of time that the opera would have to stay closed as a result of the coronavirus crisis. The opera cited the “force majeure” clauses in the various union contracts for the performers as the justification for its actions. What exactly is “force majeure” and how does it impact other companies and their contracts, including insurance contracts?
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