Am I currently protected against unforeseen events?
If you have entered into any agreement (business agreement, purchase agreement, sales agreement or lease agreement) you definitely have financial obligations and think: -
- I cannot pay my monthly payments;
- How can I pay my monthly bills?
- How can I cancel my contract or agreement?
- Will there be repercussions?
You must protect yourself during these difficult times having regard to our current economic crises and the Coronavirus. It is always better to rather be safe than sorry. Incorporate a vis major or force majeure or superior force clause in your contract or agreement to protect yourself.
If you are under the impression that your agreement is currently lacking a protection clause, it is advisable that you liaise with a legal practitioner in order to protect yourself. Should someone want to cancel your agreement or you want to cancel your agreement because you are not able to comply with your contractual obligations due to the CoronaVirus or some other unforeseen reason, please contact me immediately to enforce your legal rights.
Namibia has declared a State of Emergency on 17 March 2020 and all businesses are feeling the economic effect. There are maybe possibilities to cancel your contract and to be relieved from financial obligations. We can assist you!