With the Prime Minister announcing on 18 March 2020 that Australian measures to combat the spread of COVID-19 (novel coronavirus) may be in place for at least six months, the need for Australian businesses to stabilise their supply chains and contractual relationships in order to see out the crisis is abundantly clear.
This article explores how businesses might navigate contractual obligations that are affected by COVID-19 and provides tips for negotiating contracts during these unprecedented times.
What if your existing contract is affected?
Protect your rights when negotiating an interim solution
COVID-19 is likely to affect all businesses across all industry sectors. In some cases, both parties to a contract may be in breach of its terms due to COVID-19, and each will certainly have its own concerns regarding business continuity.