
These two things can be used as a strategy for entrepreneurs to survive amid the threat of recession after the pandemic.
The emergence of a force majeure can result in a suspension of the implementation of an agreement. One result that can be caused by the emergence of force majeure is the end of a contract that has been established by both parties. But usually in the case of termination of an agreement it must occur because force majeure will incur a greater cost, because the party who feels disadvantaged because they do not receive the fulfillment of their rights will bring this dispute to the Law.
As an alternative to avoid much larger funding, Bezaliel Bazuki Erlan, Armila & Rako Law Firm partner through the Surviving After Covid-19 webinar organized by Relative Perspective Media suggested that the parties renegotiate the agreement
Renegotiation of an agreement is where the …