Have you considered how COVID – 19 (or “Coronavirus“) affects any of your contracts in place?
The last thing that you want is issues with breach of contract on technicalities when we are all working so hard to keep our heads above water and our health in tact!
Some gremlins to look out for – what if…
- Building contracts eg. A building contract that requires site meetings and these are suspended or made into virtual meetings?
We would recommend a minor addendum to be signed so everyone knows where they stand.
- Contractual deliver dates : Suppliers or you run out of supplies and it affects your agreed delivery date? Does a penalty clause kick in and would now not be the time to review this?
- Employment law : you have your employees work remotely. We would recommend the signature of an addendum to the employment agreement that states when and how the employer can call the employee back to full time service at the work address.
- Debtor’s control – we know that tight times are coming. Now is the time to knuckle down on debtor handovers before your cashflow affects your firm permanently.
There’s a lot more to think of. Contact us, we are a call or email away.