IMPACT OF COVID -19 ON COMMERCIAL CONTRACTS IN INDIA AND GLOBALLY

COVID-19 is become pandemic virus where there was no solution till now. But it laying great
impact on commercial contracts in India and globally. Specially countries like India because India is
largest man based productivity country. This COVID-19 situation makes everyone to struck in the
financial crises which may lead to financial emergency but our country has made a certain plans to
outcome from this COVID-19 situation. China has used the force majeure to face the liability of non
performance of contract which is impossible at this situation. Also many future development program are
suspended where it is impacting on the vulnerable sections of people who run on contract based and
daily wage workers.

KEYWORDS: COVID-19, Commercial Contracts, Pandemic Virus, Vulnerable Sections.


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