As issues arise in many areas of the business because of the crisis, it is critical for the legal department to be as prepared as possible.
Whether it’s a global pandemic, economic shock or natural disasters, global organizations’ crisis planning comes sharply into focus when confronting these challenges. For many legal teams who are busy enough with “business as usual”, it is only when a crisis hits that policies are dusted off and general counsel have little time to align with the wider organization’s response teams.
1. How resilient is your supply chain?
2. Do the “force majeure” or hardship clauses in your contracts apply?
3. Do you have a pathway for the legal entity to function?
4. Do you know your obligations to employees?
5. Have you provided for proper communication and information sharing?
6. What does your insurance cover?
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