Many contracts (including business leases) include what is known as a “force majeure clause.” This provision permits one or both parties to suspend their performance for a period of time if an “act of God” occurs (e.g. fires, hurricanes, tornadoes, etc.). The clause will list acts that are covered. Look for words like “epidemic” or “government-forced closure” that would apply to the COVID-19 pandemic.
If there’s a force majeure clause that covers the pandemic, read it carefully to understand your legal rights. For example, in addition to suspending performance, some of these clauses permit one or both parties to exercise a right to opt out of the agreement entirely after a certain number of days have passed if the contract still can’t be performed because of the catastrophe that happened.