The SARS-CoV-2 pandemic has made it difficult for many companies to perform contracts concluded to date. These difficulties are very often caused by circumstances beyond the companies’ control (for example, where a company imports parts for a machine from abroad and the importer’s production has been interrupted or closed down completely due to the quarantine of a large part of the importer’s workforce or the complete closure of the factory).
Renegotiation of commercial contracts
The current global situation requires a new approach to existing contracts. The contracts concluded to date may no longer fit with the external situation and require a flexible approach.
Renegotiation of contracts comprises not only a change of basic commercial terms and conditions (such as: price and payment terms), but also the rules of liability of parties involved.
The law provides for a series of solutions which, if introduced into the contract, could be beneficial to both parties and lead to a harmonious and efficient performance of the contract.
How can we assist you?
We offer comprehensive support in day-to-day business operations, including review of contracts, documentation, correspondence and facts, in order to recommend and help you carry out the optimal actions to improve your company situation. Understanding risks and benefits of a given solution will greatly facilitate taking the right decision to suit your expectations and plans for your business.
We provide comprehensive legal services to all business entities, including conducting and supporting negotiations. With many years of extensive experience and specialisation, we can help you choose the best solution.
Attorney at Law, Partner, Head of FMCG, Retail & Automotive and Trade & Distribution Law Practices