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Force majeure is a provision in a contract that frees both parties from obligation if an extraordinary event directly prevents one or both parties from performing.
Jan 15, 2015 · A force majeure clause in a contract essentially releases both parties from obligation or liability when a circumstance beyond the parties’ control occurs preventing fulfillment of the contract. Such circumstances include war, riot, crime, or strike, as well as any event considered an “act of God,” such as an earthquake, hurricane ...
Jun 10, 2024 · Force majeure is a contract clause that removes liability for catastrophic, unforeseen events that prevent participants from fulfilling obligations.
Force majeure in any given situation is controlled by the law governing the contract, rather than general concepts of force majeure. Contracts often specify what constitutes force majeure via a clause in the agreement.
Force majeure translates literally from French as superior force. In English, the term is often used in line with its literal French meaning, but it has other uses as well, including one that has roots in a principle of French law. In business circles, "force majeure" describes those uncontrollable events (such as war, labor stoppages, or ...
Force majeure clauses allow a party to leave a contract temporarily or permanently, in whole or in part, for catastrophes that were not foreseeable. These catastrophes must cause severe disruption to fulfill a contractual obligation.
May 16, 2024 · force majeure, in commercial and international law, an extraordinary and unforeseen event whose occurrence would free the parties in an agreement from certain obligations to one another.
