“COVID -19: Impact on Commercial Contracts”
The author of this blog is Mr. Ayush Kumar Jain , 4th Year BBA-LLB student at University: Presidency University, Bengaluru. 1. Introduction Novel Coronavirus has been reported throughout the world including India. World Health Organisation has declared public health emergency and most of the powerful countries like USA failed to spread this covid-19. By looking that India has imposed lockdown all over the country so that it can be stop from spreading this novel coronavirus. Due to outbreak of Covid-19, business and industries have distracted and also have a impact on market as well as those persons who earns money on daily wages. There has been adverse impact on the commercial markets as well as world’s economy. Commercial contracts plays an essential role in world’s economy and non- performance of commercial contracts affect not only world economy but business also badly. Ascribable to Covid 19 pandemic, parties are un