As the COVID-19 Coronavirus (“COVID-19”) outbreak spreads, more and more public gatherings and events have been cancelled or postponed, including major sporting events like the NCAA Final Four tournament, and the NBA, MLS, and MLB seasons. In addition, some businesses are directing their employees to work from home or temporarily shutting down all together in order to combat the spread of COVID-19.
For many businesses, the COVID-19 pandemic has already cast doubt on the efficacy of certain commercial contracts, including those in the hospitality, construction, transportation, and manufacturing industries. And with the growing and evolving response to the risks associated with COVID-19, it will likely continue to cast long shadows over many more commercial contracts affected by the outbreak in myriad industries.
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