An employer may propose revising the terms of an employment contract on account of adverse economic conditions affecting them from the effects of the coronavirus pandemic. In such instances, these are the considerations to be made.
A joint venture is a contractual business undertaking between two parties or more where the parties pool, exchange and/or integrate their resources with a view to realizing profit and mutual gain. Before entering into a joint venture, consider these important factors in order to minimize risks.
A party to a contract entered into prior to the outbreak of COVID-19 may argue that the contract has been frustrated and that the party is discharged from further performance of obligations under the contract.