
Risks to Businesses Resulting From a Pandemic In the progeny of a prolonged pandemic, businesses whitethorn face difficulties in performing extortual obligations as a result of the succeeding(a): Closure of set forth and workplaces Travel restrictions and quarantining Shortage of labour/ risque absenteeism Disruption to tot up and distribution channels Communication and decision-making difficulties As a general rule, if the performance of a contract becomes more(prenominal) difficult or even impossible, the party which fails to perform its obligations is in breach of contract and is presumable in damages to the other party. If there are no specific provisions in the contract dealing with the supervening event ! which has caused the difficulties in performing the contract (such(prenominal) as a great power majeure clause), and no agreement can be reached between the parties on how to deal with it, the defaulting party may seek to have the contract discharged on or so other grounds, such as frustration. Frustration Under Hong Kong law, the precept of frustration allows the contract to be automatically discharged when a...If you wish to get a full essay, order it on our website: OrderCustomPaper.com
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