On 24 March 2020, Prime Minister Abe and the International Olympic Committee agreed to postpone the 2020 Tokyo Olympics for one year until the summer of 2021. This is the first time the games have ever been postponed, and is a historic example of the monumental legal and commercial implications of the Coronavirus pandemic (COVID-19) spreading throughout the world. Innumerable contractual arrangements including commercial contracts, service agreements, facilities and lease agreements, supply agreements, and insurance agreements, to name a few, will need to be revisited to determine the practical and legal ramifications of the COVID-19 pandemic.