General considerations: Force Majeure clauses in commercial contracts

As a result of the COVID-19 pandemic, businesses, investors and markets of all size are facing uncertainty. This document outlines general considerations to be taken into account for users involved in commercial contractual relations and compliments ICC’s revised Force Majeure clauses for 2020.

Business disruptions caused by COVID-19 are affecting many people’s ability to fulfill their obligations under commercial contracts. In some cases, Force Majeure contract clauses may provide relief from the performance of impeded contractual obligations during the pandemic-related disruptions. ICC’s updated Force Majeure clauses are to be understood and implemented as to reflect the current environment. For users involved in commercial contractual relations, this set of general considerations should be taken into account.

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