Force Majeure – The Ultimate Grey Area

Force Majeure – The Ultimate Grey Area

Cody Shirk Cody Shirk

Cody Shirk

Surf, Explore, Invest

发布日期: 2020年3月20日
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Last night, I proofread a new contract that my wife was signing for her business. She usually has about 1-2 new contracts per week that I look over, just to double check everything. Most contracts are nearly identical, except for the specific terms of the agreement.

However, last night, I re-read one section about 20 times. I’ve seen this section in every contract I’ve ever seen, and I’ve never thought twice about it. But I started to think… does this situation that the world is currently in qualify?

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I’m no lawyer, but I’m pretty sure there are going to be A LOT of contracts will come into question very soon.

There are also going to be a lot of lawyers making a lot of money to sort this out. And there’s probably a variety of opportunities for entrepreneurs and investors to take advantage too. (For example, buying up valuable contracts from distressed companies for pennies on the dollar.)

Any thoughts on this?

Cody Shirk

Surf, Explore, Invest

5 年

UPDATE: Several people have sent me opinion letters from different law firms in regards to whether Force Majeure applies to COVID-19. And... after reading them I'm even more confused.?

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