Can Force Majeure Hold Up in Court During Virus Pandemic?

The video discusses the concept of force majeure in contracts, particularly in the context of the NBA's labor contract during the coronavirus pandemic. It explains the historical background of force majeure, its legal implications, and challenges in court. The video highlights the modern relevance of force majeure clauses, especially during unforeseen events like pandemics, and provides legal advice for businesses considering invoking such clauses. It concludes with a discussion on the future inclusion of pandemics in force majeure clauses.

What is the primary reason businesses are revisiting force majeure clauses during the coronavirus pandemic?

• To renegotiate contract terms for better profits

• To find ways to terminate contracts

• To address unforeseen events affecting contract performance

• To increase employee wages

Why have force majeure claims historically faced challenges in court?

• They are too vague to be enforceable

• They are not recognized in modern law

• They are often not legally binding

• Courts apply strict measures when ruling on them

What is a notable exception in the inclusion of pandemics in force majeure clauses?

• The restaurant industry's employment contracts

• The technology sector's service agreements

• The airline industry's standard contracts

• The NBA's collective bargaining agreement

What should businesses consider before invoking force majeure during a crisis?

• The long-term relationship with their counterparty

• The likelihood of winning in court

• The potential for increased profits

• The possibility of renegotiating contract terms

What is a likely change in future force majeure clauses as a result of the coronavirus pandemic?

• Exclusion of economic downturns

• Inclusion of pandemics and possibly supervolcanoes

• Inclusion of specific natural disasters

• Exclusion of government regulations