A question we’ve been asked lately by business owners is - can I suspend or cancel a business agreement due to COVID-19?
To answer this, it’s important to first assess the terms and circumstances of each agreement or contract to determine a possible outcome.
It would be prudent to avoid a termination that may provide grounds for potential damages from the other party.
It goes without saying that these are uncertain times for business owners everywhere.
And as each case is different, it’s essential you talk with legal experts in these types of commercial matters.
So contact our office on - 02 9922 411 - if you wish to discuss any details concerning business contract law.
Gartree Thomson Lawyers - #Insolvency #Debtrecovery and #CommercialLaw experts.