How to increase profits in your business
If you are an entrepreneur, then you simply have to constantly ask yourself the same question - how to increase profits? Profit - this is business. The whole point of…

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How to make money on tea?
In order to open your own business you need a business idea, of course. Today we’ll tell you about one interesting thing - we’ll call it “how to make money…

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How to stimulate employees, or about the mistakes of material incentives
The question of how to stimulate employees is one of the most important in business, no doubt. Errors in the motivation of staff in the workforce can lead to a…

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provisions

Force Majeure Recognition Procedure

If, among the possible list of force majeure, the contract indicates “extraordinary circumstances”, “epidemics”, “actions of authorities”, “acts of authorities”, etc., this should be sufficient to initiate the procedure for recognizing coronavirus as force majeure and apply its consequences.

Schematically, the procedure may look like this:

1. A party for which it has become impossible to fulfill its obligations under the indicated circumstances shall be obliged to notify the other party of the occurrence of force majeure within the time limit and in the manner specified in the contract. Continue reading

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From a dream to a business - one bank!
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