COVID-19 Contractual Obligation E-Guide
A LPP LAW FREE RESOURCE : E-GUIDES

Legal Guide on COVID-19 Contractual Obligation

We share with you the methods you can rely on to protect your business from being sued for breach of contract.

Topics in the e-Guide

  • COVID-19 Act
  • Force Majeure
  • Frustration
  • Key Points & Considerations

Abstract

A contract is akin to a business promise. The reputation of a company is more or less affected by the ability of the company to perform its contract. The inability to fulfill contractual promise not only damage the reputation of a business; it could also bring financial damages to the business.

However, the Covid-19 pandemic caused many things to come to a stand-still. Full and partial lockdown of the country have affected the usual business operation. That means many companies cannot fulfill their contractual obligations. Consequently, such companies are at risk of being sued for breach of contract.

In this e-guide, we aim to share with you the methods you can rely on to protect your business from being sued for breach of contract, thus safeguarding the company’s interest in the tough times!

Responsibilities of Executor:

  • Apply for and extract the grant of probate.
  • Make arrangements for the funeral of the deceased.
  • Collect and make an accurate inventory of the deceased’s assets.
  • Settling the debts and obligations of the deceased.
  • Distributing the assets.

Note for Digital Executor:
If you wish to leave your digital assets to certain people in your Will, there are important steps that need to be taken to ensure that your wishes can be carried out:

  • Keep a note of specific instructions on how to access your username and password of your digital asset.
  • You are advised to store these private and confidential information in a USB stick, password management tool or write them down.
  • Please inform your executor or a trusted person of the whereabouts of the tools so that they will have access to your digital asset.