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Can I (or the other party) get out of an onerous contract because of coronavirus?
Generally, a party must comply with the written obligations in a contract unless it has an express right not to do so or to terminate the contract altogether. However, the unprecedented nature of coronavirus gives rise to two possibilities for non-performance and avoiding legal liability:
Force majeure and frustration are exceptions to the rule that contracts must be performed and so are monitored strictly by the courts.
Checklist - other points to consider with commercial contracts
Taking Action - we will be happy to advise you on specific contracts and/or to undertake a general review of a range of contracts to help identify those contracts that could be terminated early and without liability by you or the other party.