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Jun 10, 2024 · Force majeure refers to a clause that is included in contracts to remove liability for natural and unavoidable catastrophes that interrupt the expected course of events and restrict participants ...
- Marshall Hargrave
- 1 min
Jun 18, 2024 · The purpose of a force majeure clause is to allocate risk between the parties in situations where the performance of the contract becomes impossible or impracticable due to unforeseeable events. The typical clause will identify specific events or circumstances that will trigger the clause, such as natural disasters, war, terrorism, strikes, or governmental actions.
Jun 17, 2024 · The ‘Force Majeure’ clause is framed to deal with risks arising from non-performance of a contract in unforeseen circumstances such as an act of war, terrorism, epidemics among others. The list can be inclusive too by mentioning acts and events which are not in control of the parties to a contract. In cases where the clause of ‘Force ...
4 days ago · The force majeure clause should generally only suspend the provision of goods or services for the period the event affects the supply. Consider whether the occurrence of a force majeure event shall enable a party or both parties to terminate the contract if the event is drawn out (for example, if it extends for weeks or months).
4 days ago · The force majeure clause should generally only suspend the provision of goods or services for the period the event affects the supply. Consider whether the occurrence of a force majeure event shall enable a party or both parties to terminate the contract if the event is drawn out (for example, if it extends for weeks or months).
Jun 24, 2024 · This clause provides circumstances and grounds on which you can terminate or vary a contract if parties cannot perform due to an event beyond their control. Force majeure can be defined as a cause of exoneration from liability for the debtor when the non-performance of his obligations is due to an unforeseen event.
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Jun 20, 2024 · A force majeure clause can protect businesses from the financial and legal consequences of these unforeseen circumstances. 2. Acts of God: Similar to natural disasters, acts of God encompass events that are beyond human control, such as lightning strikes, tornadoes, or volcanic eruptions.
