How to establish a business
On the topic of how to establish a business, I already wrote in an article on how to organize your business. But since setting up a business is not the…

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How to establish a business
On the topic of how to establish a business, I already wrote in an article on how to organize your business. But since setting up a business is not the…

Continue reading →

Subheading KP
The subheading of the quotation should provide clarifying information about your quotation. In the case, let’s say if the heading would be too long, then we can continue the idea…

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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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