HOW CAN YOU, DURING THE CORONAVIRUS OUTBREAK , BE DISCHARGED OF YOUR CONTRACTUAL OBLIGATIONS IN SINGAPORE? SME’s as well as retail tenants in Singapore have been under exceptional pressure for the past months, yet most landlords have continued business as...
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HOW CAN YOU, DURING THE CORONAVIRUS OUTBREAK , BE DISCHARGED OF YOUR CONTRACTUAL OBLIGATIONS IN SINGAPORE? SME’s as well as retail tenants in Singapore have been under exceptional pressure for the past months, yet most landlords have continued business as usual and kept basic rent unchanged, notwithstanding fall in the part indexed on turnover. You have been asked to work from home to avoid contamination by Covid-19, you were previously rented an expensive office in the business district and you have to pay the rent every month even if you are not able to work from there. So how can you be discharged of your contractual obligations? You can either, but only if you fulfil the conditions, mention Force majeure, Hardship or frustration. Force majeure is a clause that is frequently included in commercial contracts which allows a party to be excused from performing its obligations on time when some unforeseen outside event beyond the parties’ control (also known as a force majeure event) pr
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