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Force Majeure
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Tom Gates mentions this as one of the items tenants are bringing up. So, I don’t want to take away from that discussion – please visit it also.
But, I am curious about this one particular clause. I have heard reported (obviously, 50/50 chance of being accurate at best) that China is using Force Majeure to cancel/get out of their contracts. I know no specifics and haven’t researched this further.
I am curious if anyone has dealt with this being used – particularly where it was a success.
Is Covid-19 enough to trigger this clause? If this is a legal question you don’t want to answer, I understand. Anything you can provide as to what events in the past have met this clause would be helpful to all of us. And if you aren’t a lawyer and just have an opinion as to this being a valid reason to use this clause, go for it. I like opinions:)
Thanks to everyone and be safe!
George R. Mann, CRE
aka The Mann
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