By Jeneane Grundberg and Nicole Maynard
COVID-19 may result in governmentally imposed restrictions on what kind of work can be performed or on trade, which may make it difficult for a developer to obtain the necessary supplies/materials needed to satisfy its obligations. There may also be a shortage of work force given the current quarantine and isolation requirements, as well as the actual illness impacting so many people.
These results, as well as others not contemplated above, may impact the performance of all agreements – including development agreements.
Click the PDF to read more