Since being declared a global pandemic by the World Health Organization (the “WHO”) on March 11, 2020, the novel coronavirus (COVID-19) has severely disrupted business activity resulting in practical and economic challenges for many parties in performing their contractual obligations. Consequently, businesses have sought to understand their contractual obligations in the context of COVID-19 and what options they have to address any unexpected and unforeseeable “Acts of God” in the future.
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