HOW COVID-19 MAY AFFECT FUTURE CONTRACTUAL OBLIGATIONS
By now, you’ve been affected by the world spread phenomenon of COVID-19 ,known throughout the world as Coronavirus.
Coronavirus have impacted all of America, leaving many people out of work, not knowing where the next dollar may come from, and anxiously waiting for a Government check.
During this meltdown I thought about how would this impact future contracts with freelancers and businesses.
I. PANDEMIC CLAUSE
I can imagine after things go back to “normal”, people will want contract drafters to specify stipulations that will take place if another pandemic is in effect.
I can anticipate people would want things such as payment obligations, deadline extensions, or a complete void if pandemic prevents the obligations from being carried out.
You can also expect employees wanting businesses to have emergency funds in place or work from home conditions that will not negatively impact their pay.
II. PARTIES’ HEALTH
Without our health we are extremely limited in what we can accomplish. Hence the term “Health is Wealth”.
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I would also anticipate seeing language such as “ as long as parties are within reasonable health” and things of that nature.
Health will become such a focal point because after all this no one wants to work with anyone who is sick.
The slightest cough could send a room into a frenzy.
So parties would want to ensure health is the main priority so that any obligations that must be met will be met with a clear & sound mind and as much good physical health as possible.
III. ALL IN ALL
The Coronavirus is still running rampant throughout the world, devouring anyone who isn’t careful of its cobra clutches.
It is important we remain safe and prayed up.
When we are blessed to engage back in business, we should make sure all i’s are dotted and all our t’s are crossed, making sure we are aren’t caught off guard by a national pandemic like this again.
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