Business world braces for impact of Coronavirus

Mar 6, 2020   //   by rford   //   News  //  Comments Off

The coronavirus (COVID-19) has now spread to at least 90 countries, including the United States — with two presumed cases in New Jersey.  This novel virus is already having an impact on various types of commercial contract provisions such as party’s obligation to perform and, specifically, force majeure provisions. These are and will remain important considerations for many businesses into the foreseeable future. We are busy researching the relevant issues and formulating strategies for several clients at this time.

Since coronavirus related claims will likely give rise to significant litigation throughout the business world, these issues should be considered as early as possible.  As always, we are available to answer your questions and provide assistance. Please contact Frank Lauletta or Lloyd Birnbaum at (856) 232-1600.

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