1 Review your contract

The first step is to review your contract and look for the force majeure clause, which should specify what events qualify as force majeure, what obligations are affected, and what remedies are available. Some contracts may have a broad or vague definition of force majeure, while others may list specific scenarios or exclude certain situations. Some contracts may allow for termination, suspension, or modification of the contract, while others may require negotiation, mediation, or arbitration. You should also check if your contract has a notice requirement, a time limit, or a dispute resolution procedure.

4 Consider alternative dispute resolution

The fourth step is to consider alternative dispute resolution (ADR) methods, such as mediation or arbitration, if you want to avoid going to court. ADR methods are usually faster, cheaper, and more flexible than litigation, and can help you preserve your relationship with the other party. ADR methods can also allow you to tailor the outcome to your specific needs and interests, and to keep the matter confidential. However, ADR methods may not be suitable for every case, and may require the consent of both parties. You should also be aware of the advantages and disadvantages of each method, and the enforceability of the ADR decision.

5 Learn from the experience

The fifth step is to learn from the experience and improve your contract management and risk management skills. You should review your contract and identify any gaps or weaknesses in the force majeure clause, and revise it accordingly. You should also update your contingency plans and insurance policies, and prepare for different scenarios and outcomes. You should also evaluate your performance and feedback, and identify any areas for improvement or best practices. You should also maintain a good relationship with the other party, and express your appreciation and gratitude for their cooperation and understanding.

6 Stay updated and informed

The sixth step is to stay updated and informed about the force majeure situation and the legal developments that may affect your contract. You should monitor the news, the government regulations, and the industry trends, and assess how they may impact your event and your contract. You should also communicate with the other party and inform them of any changes or updates that may affect the contract. You should also educate yourself and your team about the legal aspects and the best practices of force majeure clauses and disputes, and seek professional guidance when needed.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?