Tag Archives: Force majeure

NBA May Reduce Players’ Salaries Due to COVID-19 Shutdown

On March 11, 2020, the National Basketball Association (NBA) suspended its season due to the coronavirus (COVID-19) pandemic. Now, the League is considering reducing or withholding players’ salaries after the April 1, 2020, payday. The NBA originally hoped to resume its season at some point in June, possibly without fans in attendance. However, as COVID-19 … Continue Reading

The Force Majeure Clause-The New Relevance of the Forgotten Contract Clause

The recent surge of the COVID-19 pandemic and its catastrophic effect on worldwide events has put the standard contract clause, “force majeure,” in new light. A force majeure clause, French for “superior force,” is a negotiated contract provision that allows either party to a contract to suspend or terminate the performance of its personal contractual … Continue Reading
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