Aeren LPO

Post COVID-19 the world will be different from how its been doing contracts and business. The extent of the change is not completely known currently, however the change in perspective everyone will agree too. So how do we reflect the shifting contracts in respective business standards? True the changes for the future begin with contract drafting. Let our checklist some points we would like to focus on and bring attention to future contract drafting. The first thing that comes with drafting is the pre-standard templates the organization has been referring to include factors in the business standard clauses, T&C regimen. Once you have the template, check out for what additional drafting will be added in the contracts for further adding value to them and implicitly protect you from risks covering various factors starting with this COVID-19 pandemic. Check for clauses that factor in overall risk mitigation. Start with Force Majeure and analyze what umbrella of eve...

In the wake of the ongoing pandemic COVID-19, governments have mandated for the temporary closure for non-essential commercial business activities, to control the rising numbers of COVID-19 positive cases and keep people safe. This measure, however, has put an enormous burden on people leasing and renting commercial establishments. With now everyone being in incessant lockdowns it becomes more speculating for tenants and owners on how they approach this issue from contract management services sides in a way that benefits to all. The plausible reasons anyone under lease contracts will encounter are:           Businesses have slowed down or completely shut down depending on places putting their lease obligations in a state of turmoil. Currently, owners and tenants are in a vicious circle of non-payment of rents resulting in non-payment to bank lease loans for owners. Both the above situation has led both tenants and owners to review their lease ...