Join Reed Smith for a moderated discussion addressing how COVID-19 can be construed as a contractual triggering event to excuse performance, and when and how is insurance policy coverage triggered.
Veranstaltungsart: Webinar, CLE / CPD
- Startdatum / -uhrzeit:
- 10 April 2020, 2:00 PM EDT
- Enddatum / -uhrzeit:
- 10 April 2020, 3:00 PM EDT
- Economic consequences of COVID-19 in Business Agreements: What needs to be done?
This CLE program will address the following topics and questions.
- Does COVID-19 provide a contractual basis to excuse performance?
- Qualification of the COVID-19 pandemic as a force majeure event or a material adverse change
- Remedies available for parties invoking force majeure or material adverse change provisions
- Doctrines to excuse non-performance due to the COVID-19 pandemic in the absence of a contractual exclusion and who can assert them
- Commercial impracticability under the Uniform Commercial Code
- Impossibility and frustration of purpose
- What is the impact of COVID-19 on insurance coverage and exclusions for pandemics and government intervention?
- Insurance triggering events to assess risk
- Evolution of the “virus exclusion”
- Business interruption insurance for property owners
- Relief options available for conference and event organizers
- Possible strategies for protecting your business against future pandemics
- Tools for damage mitigation and prevention
- Suggestions for future contracts