Contract Drafting Strategy in Covid-19 and the Future
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...