What you need to know about contract law for the pandemic

In the event of the coronavirus emergency, we have deviated from our good old customs, so it is particularly important to review our contractual relationships. Understanding our opportunities in the legal environment that changes almost every day can serve as a guide even in the consequent uncertainty:
 
• Am I obliged to perform the contract during an emergency?
• When will performance become impossible and what happens to the contract?
• Can I terminate the contract with reference to the emergency?
• What happens if I refuse to perform the contract?
• What happens to the deposit if the contract is terminated due to the emergency?
 
Our recent article summarizes the basic provisions of the Civil Code in Hungarian, but the specific arrangements of the parties also affect the given case. There are many alternative options available, thus it is advised to seek the help of an expert to sort out pending cases. For detailed information in English, please contact us.