One of the most common questions asked of lawyers these days is whether the COVID-19 pandemic may be raised as a ground to renegotiate a contract or franchise agreement. In its latest issue, ASIA IP Magazine asks legal experts from the Philippines, Australia, and Malaysia about the impact of COVID-19 on contract law, specifically: Is it a good time to terminate or renegotiate contracts during the COVID-19 pandemic?
According to Cruz Marcelo & Tenefrancia Senior Partner Patricia A. O. Bunye, one of the article’s contributors, the effect of COVID-19 on Intellectual Property agreements will have to be decided on a case-by-case basis.
The article also discusses the effects of the COVID-19 pandemic on businesses and franchisees in the Philippines, including suggestions on how these businesses can approach the renegotiation of their contracts moving forward. The article may be accessed at https://www.asiaiplaw.com/article/is-covid-19-an-opportunity-to-renegotiate-a-contract.