Do We Still Have A Deal? An Overview of Force Majeure and “Impossibility” In Texas Contracts
The Covid-19 pandemic is an immediate and dramatic concern for business clients.
The pandemic is forcing organizations and businesses to consider the feasibility of performing under existing contracts. Companies reliant on foreign manufacturers have experienced supply chain disruption with no clear indication of when it will be safe for plant workers to return and goods to ship. Recent local and federal government orders across the U.S. have shuttered most businesses, including manufacturing plants making non-essential goods.
Stated plainly, business is on hold as the world’s consumers and workforce stay in. In these unprecedented times, clients will seek guidance on contractual obligations that they are unable to satisfy or have not been satisfied by other parties. Determining how to interpret contractual force majeure clauses will help organizations make informed decisions about events of nonperformance and how best to mitigate litigation risk therefrom.
Join us for a complimentary webinar as we discuss Texas law governing the enforcement of contractual force majeure clauses as well as an overview of the common law doctrine of impossibility that may excuse non-performance if the contract does not contain a force majeure clause.
March 26, 2020
12:00 p.m. - 1:00 p.m. CT
*webinar details will be emailed upon registration*
This program was prepared by Sheppard Mullin in partnership with the Dallas Bar Association.
Questions? Contact Maricela Alfonso via email or at 212.653.8463.