{"id":294,"date":"2020-03-19T16:46:53","date_gmt":"2020-03-19T20:46:53","guid":{"rendered":"https:\/\/www.businesslitigationtrends.com\/?p=294"},"modified":"2020-09-24T11:39:14","modified_gmt":"2020-09-24T15:39:14","slug":"covid-19-and-contract-management-performance-obligations-and-force-majeure","status":"publish","type":"post","link":"https:\/\/www.khflaw.com\/news\/covid-19-and-contract-management-performance-obligations-and-force-majeure\/","title":{"rendered":"COVID-19 AND CONTRACT MANAGEMENT: Performance Obligations and Force Majeure"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-295 size-large\" src=\"https:\/\/www.khflaw.com\/news\/wp-content\/uploads\/2020\/08\/Force-Majeure-Image-1024x660-1.png\" alt=\"Graphic shows two hands. One holding a contract that shows Force Majeure and the other hand signing.\" width=\"1024\" height=\"660\" \/>As a commercial transactional lawyer, I often speak to my clients and colleagues about contract management. While I am usually heavily involved in many stages of the contract lifecycle \u2013 most notably, negotiations, drafting, closings and amendments \u2013 the real work (and most problems) arise during contract performance, which is the time the contracting company is typically \u201con its own.\u201d\u00a0 I stress to my clients that competent management of contracts post-execution is critical: your management team needs to know its contractual obligations: due dates and milestones, payment terms, and areas of performance. Who\u2019s doing what, when, and for how much?\u00a0 I recommend companies appoint a contract manager to maintain each contract and its pertinent information, and create a database of performance, payment, and other obligation information, along with applicable deadlines and a \u201ctickler\u201d system.<\/p>\n<p>Now, in the wake of COVID-19 and its tremendous impact on businesses, it is important to pull out those databases, and update them with information particular to the current state of operations \u2013 yours and your contracting partners. <a href=\"https:\/\/www.khflaw.com\/news\/covid-19-and-contract-management-performance-obligations-and-force-majeure\/#more-294\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As a commercial transactional lawyer, I often speak to my clients and colleagues about contract management. While I am usually heavily involved in many stages of the contract lifecycle \u2013 most notably, negotiations, drafting, closings and amendments \u2013 the real work (and most problems) arise during contract performance, which is the time the contracting company [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":295,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[480,479,487,415,498],"tags":[328,402],"coauthors":[561],"class_list":["post-294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-litigation-and-dispute-resolution","category-commercial-transactions","category-contract-disputes","category-miscellaneous","category-vendor-contractor-and-employee-contracts","tag-covid-19","tag-force-majeure"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>COVID-19 AND CONTRACT MANAGEMENT: Performance Obligations and Force Majeure &#8212; Kang Haggerty News &#8212; March 19, 2020<\/title>\n<meta name=\"description\" content=\"As a commercial transactional lawyer, I often speak to my clients and colleagues about contract management. While I am usually heavily involved in many &#8212; March 19, 2020\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.khflaw.com\/news\/covid-19-and-contract-management-performance-obligations-and-force-majeure\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COVID-19 AND CONTRACT MANAGEMENT: Performance Obligations and Force Majeure &#8212; Kang Haggerty News &#8212; March 19, 2020\" \/>\n<meta property=\"og:description\" content=\"As a commercial transactional lawyer, I often speak to my clients and colleagues about contract management. While I am usually heavily involved in many &#8212; March 19, 2020\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.khflaw.com\/news\/covid-19-and-contract-management-performance-obligations-and-force-majeure\/\" \/>\n<meta property=\"og:site_name\" content=\"Kang Haggerty News\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-19T20:46:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-24T15:39:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.khflaw.com\/news\/wp-content\/uploads\/2017\/10\/KHFSocial.png\" \/>\n\t<meta property=\"og:image:width\" content=\"250\" \/>\n\t<meta property=\"og:image:height\" content=\"250\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Jacklyn Fetbroyt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jacklyn Fetbroyt\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"COVID-19 AND CONTRACT MANAGEMENT: Performance Obligations and Force Majeure &#8212; Kang Haggerty News &#8212; March 19, 2020","description":"As a commercial transactional lawyer, I often speak to my clients and colleagues about contract management. While I am usually heavily involved in many &#8212; March 19, 2020","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.khflaw.com\/news\/covid-19-and-contract-management-performance-obligations-and-force-majeure\/","og_locale":"en_US","og_type":"article","og_title":"COVID-19 AND CONTRACT MANAGEMENT: Performance Obligations and Force Majeure &#8212; Kang Haggerty News &#8212; March 19, 2020","og_description":"As a commercial transactional lawyer, I often speak to my clients and colleagues about contract management. 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