COVID 19 force majeure and it’s effect on the performance of contracts.
As the whole world is struggling to curb the spreading of COVID-19 pandemic i n 2019 who would have thought that we will witness a sudden wave of transformations in various fields . It is apposite to say that desperate times call for desperate measures. The impact of COVID-19 can be seen in the commerce and business also as the lockdowns have vehemently restricted the movement required for these businesses. As they say that every action has an equal reaction thus the above restrictions have influenced the contracts and other liabilities of the businesses forcing them to interpret the force majeure clause. What is force majeure? In layman language force majeure can be said to be any unforeseeable circumstances that prevent someone from fulfilling a contract. Even though the word force majeure has never been specifically defined in the Indian Laws, however, one can find the genesis of the same under section 32 of the Indian Contract Act 1872. Section 32 Enforce...