The personal impact of the Covid-19 virus is immense. For small and medium sized businesses, there are legal questions that include the fulfillment of obligations under contracts and leases when revenues are reduced or non-existent. Some on-line sources have used the term force majeure as a possible solution.
Attached is an excellent article written by Dennis P. Chapman, Esquire, of this firm that explains legal concepts of impossibility of performance and force majeur in Virginia. The article is for purposes of general education of the business community. This article does not replace legal advice by an experienced lawyer. Contact a lawyer experienced in business, leasing or commercial matters and discuss with her or him the facts in your situation. We at McGeehan Pascale, PLC hope the following article will inform and help you in these unique times. Please click on the following link to download a PDF version of the article.
Attached is an excellent article written by Dennis P. Chapman, Esquire, of this firm that explains legal concepts of impossibility of performance and force majeur in Virginia. The article is for purposes of general education of the business community. This article does not replace legal advice by an experienced lawyer. Contact a lawyer experienced in business, leasing or commercial matters and discuss with her or him the facts in your situation. We at McGeehan Pascale, PLC hope the following article will inform and help you in these unique times. Please click on the following link to download a PDF version of the article.