Search results
Jan 15, 2015 · Force Majeure. A French term that literally means a superior or irresistible power, “ force majeur ” is used in the legal system to refer to natural and unavoidable catastrophes that interrupt the expected course of events. Force majeure clauses are often found in contracts and insurance policies to protect the parties in the event duties ...
Force majeure, derived from French law, refers to a clause that excuses non-performance of a contract in the event of unforeseen circumstances beyond the control of the parties involved. These circumstances, often referred to as acts of God, can include natural disasters, war, terrorism, or any other event that is considered beyond human control.
May 28, 2024 · A force majeure clause is a fundamental contractual provision that excuses parties from fulfilling their obligations in the face of unforeseen events beyond their control. This clause provides a safety net against unforeseen circumstances that may render contractual obligations impossible to fulfill. By including a force majeure clause in a ...
6 days ago · noun. : a clause in an agreement that excuses performance in the event that a force majeure makes the performance impracticable or impossible.
In general, New York courts interpret force majeure clauses narrowly and typically only excuse performance if the event that prevents it is specifically enumerated in the force majeure clause.10 If the parties’ agreement does not include a force majeure provision, then there is “no basis for a force majeure defense.” 1
- 228KB
- 34
Force Majeure refers to unforeseeable circumstances that prevent someone from fulfilling a contract. It is a legal concept that excuses parties from liability or obligation when an extraordinary event or circumstance beyond their control occurs, such as a war, strike, riot, crime, or an event described by the legal term act of God (hurricane, flood, earthquake, etc.), preventing one or both ...
People also ask
What is a force majeure clause?
What is force majeure & how does it affect your business?
What is a force majeure event?
Can a force majeure clause enable a contract termination?
How to use "force majeure clause" in a sentence. The eruption of the volcano triggered the force majeure clause in the construction contract, freeing the firm from completing the building. After the earthquake, the shipping company invoked the force majeure clause, allowing it to suspend deliveries.
