Event Sponsorships, COVID-19 and Force Majeure – Where do we stand?
COVID-19 has had a dramatic impact on commercial operations across all sectors globally. This is no better demonstrated than in the events industry, with international sporting events worth vast sums of money to organisers being cancelled or delayed… but what are the parties' rights under the event sponsorship contract?
In this short video, Rich Hawkins, Partner in Bird & Bird's global Media, Entertainment & Sports group, discusses the unique challenges that event sponsorship contracts bring and explains why the standard force majeure clause from a company's template supply of services agreement may not be fit for purpose in this arena.
In this short video, Rich Hawkins, Partner in Bird & Bird's global Media, Entertainment & Sports group, discusses the unique challenges that event sponsorship contracts bring and explains why the standard force majeure clause from a company's template supply of services agreement may not be fit for purpose in this arena.
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