I`m glad you expanded your comment as a lawyer by creating this message. You mention a few really interesting points. And I agree that lawyers can introduce systems into their firms that can represent a form of disruption. Seriously, I really have a hard time seeing the role they play in it. (People who talk about disruption usually don`t do much.) Does the ISDA or similar agreement provide for termination in the event of a downgrade of credit ratings or any other additional termination event that would allow your counterparty to terminate its business? I don`t think we`re going to see any major disruptions at BigLaw. Disruptions never begin at established businesses. I think we will see big changes in the way small and medium-sized businesses provide legal services. Instead, the contractor must provide reasonable evidence that a typical Bürgy Loan Facility contract contains a series of performance protection clauses intended to guarantee the bank, during the term of the commitment, the performance it expects when entering into such an agreement. James Farn analyzes the market disruption clause and its impact. What will happen to the futurists if disruption happens? The latest NEC guidelines now explicitly list a virus outbreak that is larger than the type of event contained in the definition of compensation events. If the contract was concluded before that date and the effects of COVID-19 prevent the contractor from completing the work on the date originally scheduled, the contractor could argue that a compensable event occurred. . .

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