Contracts, Force Majeure and the COVID-19 Virus

The entire world was shocked by the sudden onslaught of the Covid-19 Virus.

The governments in all parts of the globe have implemented immediate measures

to protect its citizens from this invisible antagonist, Covid-19. 


The implementation of the ECQ has resulted to a paralysis of business operations.

A great majority of the businesses, if not all, were severely affected. The ECQ resulted

in limited manpower, disruption of supply chains, potential chain reactions of collectability issues, inability to meet the demands of the customers, missed deadlines, non-delivery

of service and goods, both finished goods and raw materials, and restrictions

on commercial operations, and for some businesses, like the small and medium

enterprises, there has been even a stoppage of operations. 


The concern of businesses now is to lessen the impact and if possible avoid liability

for breach of contract. This concern of the businesses is also a concern for individuals

who have obligations and contracts to fulfill.


 

CONTRACTUAL OBLIGATIONS AND FORCE MAJEURE

  


The questions, many ask these days are the following:

 

1. Is the Covid-19 pandemic considered a force majeure?

 

2. Can force majeure be used as a legal remedy in order to avoid liability in the failure to perform contractual obligations?


Contracts, Force Majeure and the COVID-19 Virus


Speaker: Atty. Oliver S. Yuan

Litigation & Corporate Lawyer, Yuan & Associates Law Firm

Member, Philippine Trial Lawyers Association

Member, Vanguard of the Philippine Constitution


Monday, July 06, 2020

3:00 PM – 4:30 PM PHT

Monday, July 06, 2020

3:00 AM – 4:30 AM EDT

Monday, July 06, 2020

8:00 AM – 9:30 AM BST

Monday, July 06, 2020

5:00 PM – 6:30 PM AEST

Webinar Description:


This is a webinar that will answer the questions, whether the Covid-19 virus pandemic may be considered a force majeure to absolve a contracting party from its contractual liability.

Webinar Description:


The specific objectives of this unique fun-filled e-learning experience are;

  • To inform the participants of the legal definition of a contract, mutuality of contract, the perfection of a consensual contract, elements of a contract, form of contracts, and interpretation of contracts;
  • To inform the participants the meaning of force majeure and its legal effect;
  • To inform the participants whether the pandemic caused by the Covid-19 virus may be considered a force majeure, that could absolve a contracting party from its contractual liability.

Key benefits from attending this webinar:


In this online session, your participants and organization will be able to:

  • The participants shall learn the legal meaning of a contract;
  • The participants shall learn the meaning of mutuality of contract;
  • The participants shall learn about the perfection of a consensual contract;
  • The participants shall learn what are the elements of a contract;
  • The participants shall learn what are the form of contracts;
  • The participants shall learn the interpretation of contracts;
  • The participants shall learn the meaning of force majeure and its legal effect; and
  • The participants shall learn whether the pandemic caused by the Covid-19 virus may be considered a force majeure, that could absolve a contracting party from its contractual liability.

Who Should Attend?

 

This webinar is suitable to a wide range of professionals but will greatly benefit those who have entered into a contract before the pandemic and are having difficulty fulfilling the contractual obligations because of the pandemic.

Webinar Outline:


Session 1: This is a discussion on the legal definition of a contract, mutuality of contract, the perfection of a consensual contract, elements of a contract, form of contracts, and interpretation of contracts.


Session 2: This is a discussion on the meaning of force majeure and its legal effect.


Session 3: This is a discussion on the relation between contracts, force majeure and the Covid-19 virus pandemic.



Session 4: Question and answer. 

e-Certificates


Our Live Webinar Series for-a-Cause does not include an e-certificate since this is part of our Corporate Social Responsibility. As you know, we are offering these online learning sessions in full support of people who desire to continue learning despite the Community Lock-down.


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