Our Top 5 Tips to Prepare Your Business for a COVID-19 Resurgence
Require a notice requirement in your force majeure provision (Learn More).
Communicate clearly and often about your COVID status with your clients, but….be very careful in your wording to your clients
The wording of your emails can turn into a cancellation dispute
Stop requiring large deposits (>40%).
Despite some Instagram opinions, I have seen wedding vendors lose cases in court in the last few weeks because of this.
A large deposit is quite literally setting yourself up to fail in front of a judge (which is public record, by the way). Please talk to your lawyer about this if you have any questions at all. Ask them what damages can be awarded, when, and why, in the event of the implementation of the doctrine of anticipatory repudiation or rescission. Learn More
Include a dispute resolution clause. Make sure you have options specified other than court.
Define what damages can be awarded under the contract (ie, exemplary, punitive, etc)
Clearly defining these items in your contract will keep your business better prepared and protected through uncertain times.
