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Source. 8. Force Majeure. “ Force majeure ” means any unforeseeable circumstance which is beyond the control of a Party, or any unavoidable event, even if foreseeable, as a result of which such Party is unable to perform its obligations, in whole or in part, under this Agreement.
Jan 15, 2015 · Noun. Greater, superior, or irresistible force. Noun. An event that cannot be reasonably anticipated or controlled. Noun. An unexpected, disruptive event that may excuse a party from performing duties under a contract. Origin 1880 French. Events Considered Force Majeure.
Examples of situations that may require force majeure clauses include: Example 1: Planning an event or concert; Example 2: Catering a wedding reception; Example 3: Private photography sessions; Example 4: Professional and private partnerships; Example 5: Insurance policies; Force Majeure Clause Samples Sample 1 - From Service Agreement:
Force majeure is defined as acts of God, war, fires, explosions, hurricanes, floods, failure of transportation, or other causes that are beyond the reasonable control of either party and that by exercise of due foresight such party could not reasonably have been expected to avoid, and which, by the exercise of all reasonable due diligence, such ...
Feb 4, 2022 · A force majeure clause in a contract releases a party from fulfilling their contractual obligations when circumstances beyond their control impede them. Learn more about force majeure.
Force Majeure. Except for the payment of Rent, neither Landlord nor Tenant shall be responsible or liable for delays in the performance of its obligations hereunder when caused by, related to, or arising out of acts of God, sinkholes or subsidence, strikes, lockouts, or other labor disputes, embargoes, quarantines, weather, national, regional ...
Jun 10, 2024 · Key Takeaways. Force majeure is a clause included in contracts to remove liability for unforeseeable and unavoidable catastrophes that prevent participants from fulfilling obligations. These...
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.
The term “force majeure” is French for “superior force” and is commonly utilised within contracts to account for and protect against unforeseeable events that make the performance of binding commercial agreements impractical or impossible.
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.
