Risks to Businesses Resulting From a Pandemic In the occurrence of a prolonged pandemic, businesses whitethorn face difficulties in execute crusadeual obligations as a result of the succeeding(a): Closure of premise and workplaces Travel restrictions and quarantining Shortage of labour/ risque absenteeism Disruption to append and distribution channels Communication and decision-making difficulties As a general rule, if the performance of a contract becomes more(prenominal) difficult or even impossible, the party which fails to perform its obligations is in breach of contract and is reasonable in damages to the other party. If there are no specific provisio ns in the contract dealing with the superven! ing event which has caused the difficulties in performing the contract ( much(prenominal) as a attract majeure clause), and no agreement can be reached between the parties on how to deal with it, the defaulting party may seek to have the contract discharged on or so other grounds, such as frustration. Frustration Under Hong Kong law, the precept of frustration allows the contract to be automatically discharged when a...If you wish to get a full essay, order it on our website: OrderCustomPaper.com
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