Use Of Pandemic Force Majeure Clause Spiked In 2020 Leases
Use Of Pandemic Force Majeure Clause Spiked In 2020 Leases Thank You! Law360 (December 10, 2020, 5:11 PM EST) -- A third of U.S. commercial leases negotiated since March include mention of pandemic as a force majeure event — more than double what that mark had been for leases inked in 2019, according to Practical Guidance, although experts say landlords may be getting leverage elsewhere. The data from Practical Guidance shows that while just 16% of leases in 2019 included mention of pandemic as a force majeure event, such language appears in one-third of leases signed since March...
Source: law360.com