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Jun 10, 2024 · Force majeure is a clause included in contracts to remove liability for unforeseeable and unavoidable catastrophes interrupting the expected timeline and preventing participants from fulfilling...
- Marshall Hargrave
- 1 min
2 days ago · A force majeure clause is a contract term that excuses a party from performance when an event outside their control occurs. Learn what events qualify as force majeure, how to draft a clause and why it is important for commercial contracts.
Jun 18, 2024 · Force majeure refers to uncontrollable events that make it impossible or impractical for a party to fulfill their contractual obligations. The aim of force majeure is to allocate risks between both parties when it is impossible to continue a contract while reducing disputes.
2 days ago · When well-drafted, force majeure clauses can determine what remedies are open to parties when a force majeure event affects performance under a contract. This article will step through the importance of force majeure clauses and offer some handy tips in relation to best practice drafting.
Jun 17, 2024 · What is a force majeure clause? Force majeure clauses are commonly included in contracts to entitle one or more of the parties to cancel the contract, or be excused from performing their ...
Jun 14, 2024 · MUR entitled to rely on force majeure – reasonable endeavours do not require affected party to accept non-contractual performance. On 15 May 2024, the Supreme Court handed down its unanimous judgment allowing MUR's appeal, favouring the line of contractual certainty.
Jun 24, 2024 · Force majeure clauses are an essential component of binding agreements, providing parties with a safety net in the event of unforeseen circumstances that render performance impossible or impracticable. Derived from French law, the term
