Force Majeure Clauses, Commercial Impossibility, and Business Interruption Insurance
By Greg Cory
Attorneys from DLA Piper discussed key elements of Force Majeure clauses, claims of commercial impossibility, as well as the ins and outs of business interruption insurance. The panelists noted that Force Majeure clauses are highly dependent on specific contractual language, and urged all businesses to read and review carefully their contractual obligations related to Force Majeure. Additionally, the panelists recommended careful and thorough review of property and business insurance policies to determine whether losses due to damage or civil authority orders might be claimed in these circumstances.