Coronavirus has left us all full of anxieties, uncertainties and questions. Whilst it may not be the first problem that jumps to mind, the question of what happens if one party to a contract is unable to perform its obligations is one that many businesses will be facing at this time. With unprecedented measures being taken by the Government to tackle coronavirus, and with perhaps more draconian measures still to come, what happens if businesses, as a result of these measures, can no longer perform their obligations under contracts that they signed up to?

In English contract law, the wording of the contract is usually king. If you sign up to it, you’re usually held to it! So it’s no surprise that the answer to the question of whether there are any means by which to excuse yourself from, or suspend performance of, your obligation(s) under a contract, is primarily found in the wording of the contract itself.

If you would like any further information on any of the above, or would like to discuss your particular circumstances and how Knights could help, please contact a member of our Dispute Resolution team.