The second in a series of Q&A vlogs, Commercial Partner, Euan McLaughlin answers your Covid-19 related contractual questions. Watch the full Q&A below:
00:46 – One of our suppliers has written to us claiming “force majeure” – what does the phrase “force majeure” mean?
01:24 – Does Covid-19 count as a “force majeure”?
02:18 – What happens if Covid-19 does count as a “force majeure”?
03:04 – What happens if you can still perform your obligations, but you’d just prefer not to?
03:43 – What if the contract has no force majeure clause, or Covid-19 doesn’t fit within the force majeure clause in the contract – are there any other clauses that may be relevant?
05:06 – What if there isn’t a written contract in place?
06:48 – Can a trader keep hold of deposits where they can’t supply goods or services because of Covid-19?
08:05 – If a trader uses a number of suppliers or contractors who are sole traders, and the trader wants to look after them, can that trader use the government furlough scheme to keep paying them whilst they are unable to work?
08:56 – Will business continuity insurance protect a trader from the costs of restricting or closing their business because of Covid-19?
10:14 – What measures should people be taking now to safeguard their businesses?