Date: April 16, 2020
Time: 01:30PM - 02:30PMYou must be registered to participate!
1 Clock Hour | Domain C: Risk Management
Coronavirus has captured the attention of the entire world, but the meetings and travel industry have been hit harder than most others. This session will discuss the Coronavirus and the decisions meeting sponsors are having to make whether the Event is a go or no-go and whether the Force Majeure Clause is applicable. We will also cover the legal standards that apply to all Force Majeure Clauses in contracts and what they need to say to protect meeting sponsors in the future. What about insurance? Do any policies cover this risk?
This session is a must-attend for all meeting/convention/event planners who are making decisions on both their current meeting plans and future contracts. This session will have important information for suppliers as well.
1. Define when Coronavirus, or any other calamity, is a Force majeure;
2. Understand how Force Majeure clauses are interpreted and the role of “foreseeability” when preparing the clauses;
3. Define the meaning of Impossibility, Illegality, Commercial Impracticability, and Frustration of Purpose and how contract law applies these terms