Payment Processing Contracts

The commercial slowdown wrought by the global pandemic COVID-19 has left many in the payments industry wondering how the virus will affect their existing processing agreements. Depending on which side of an agreement you are on, you may be worried about breaching your contractual obligations or about the other party not being able to perform its end of the agreement. Likewise, you may be looking for a way to get out of the contract without being in breach, or, alternatively, nervous that COVID-19 will present an opportunity for the other side to legally terminate.
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