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In contract law, force majeure [1] [2] [3] ( French: [fɔʁs maʒœʁ]; lit. 'major force') is a common clause in contracts which essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war, strike, riot, crime, epidemic, or sudden legal change prevents one o...
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...
Force majeure clauses are no more than a convenient way of referring to contractual terms that the parties have agreed upon to deal with situations affecting the contract that may arise over which the parties have little or no control.
Jan 15, 2015 · Definition of Force Majeure. 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.
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. If the event meets the term in the force majeure clause, both parties can end the agreement without penalty.
FORCE MAJEURE definition: an unexpected event such as a war, crime, or an earthquake which prevents someone from doing…. Learn more.
Mar 18, 2020 · Force majeure is a clause that is frequently included in commercial contracts that allows a party to be excused from performing its obligations on time when some unforeseen outside event beyond the parties’ control (also known as a force majeure event) prevents or delays performance.
