The new Coronavirus (COVID-19): Commercial Addendum has been designed with commercial practitioners in mind. This new addendum offers a different, more open-ended approach to extensions, delays and terminations resulting from coronavirus. Using checkbox items, the Commercial Addendum may be used to extend dates and deadlines with a notice explaining the coronavirus cause, a limit may be placed on the length of any extension, and the transaction may be terminated if a party becomes unable to perform due to coronavirus. The Addendum can be used when writing an offer or for amendment (attached and incorporated into the WB-40 Amendment at line 28).
Link to the Form HERE