EFFECT OF COVID-19 IN REAL ESTATE PROJECTS

Force Majeure is a French term which literally means major force or supreme force. It is also defined as an event or effect that cannot be reasonably anticipated or controlled1. Typically, a clause on force majeure is inserted in long term contracts to take into account those events or circumstances which may not be in the control of a party and how the affected party would perform its obligations after the occurrence of such an event or circumstance.

Effect of COVID-19 on Real Estate Projects- April 20 2020 (1)

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