Abstract
Purpose : In this paper, legal implications were presented by analyzing whether the COVID-19 pandemic corresponds to force majeure, which is the reason for immunity from violating trade contracts, and analyzing the scope of immunity in practical application.
 Research design, data, and methodology : For this study, prior studies on force majeure clause were reviewed, and the characteristics of international unification laws such as CISG, PICC, and PECL were analyzed to examine their applicability to COVID-19.
 Results : In contracts on the international sales of goods, it is common to have detailed provisions on Force majeure, and it is desirable for the contracting parties to freely modify the allocation of non-performance risks according to the circumstances of individual contracts.
 Conclusions : Even if force majeure such as the COVID-19 pandemic occurs, the contract should be observed through the principles of good faith and Hardship rather than the termination of the contract, and the Governing law should be specified in the contract.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
