The impulse could not be more counterintuitive for those of us holed up and in survival mode, but now’s a fascinating time in the deal making realm. Could you do better if the virus gets worse? Gross question, but one worth asking.
From the temptation to make new deals to the importance of keeping tab on existing contracts, the drama behind Covid-19’s March to Remember reminds us that dealmaking waits for no man or virus.
Canna Law Blog
- “What may make sense today may not make sense in two weeks, writes Griffen Thorne. He adds that his firm Harris-Bricken “expect[s] to see a lot of short-term contracts with contingent renewal provisions so that parties aren’t stuck if the current situation gets worse.”
- Existing contracts ought to be reviewed, in case they feature force majeure clauses and you’ve lost track of that.