Force majeure contract provisions and force majeure notices have been top of mind more times in recent memory than we care to count. The recent short-lived port strike, two devastating hurricanes, and ...
One key provision that plays a critical role in this context is the force majeure clause and/or material adverse event clause in contracts. A force majeure clause is a contractual provision that ...
To boost the performance of your contracts, you need to understand the following two fine print sections and why these may be very important to you and your business: "Force majeure" clauses.
Force majeure, a clause in legal contracts that exempts parties from liability due to unforeseeable and unavoidable catastrophes, can also apply to investing. Force majeure specifically is written ...
One common “cause” for which a contract can be terminated is due to force majeure, which literally translates to “greater force.” These have been deemed to be “acts of God,” legal acts ...
These are events considered uncontrollable by human intervention. If contracts have force majeure clauses—meaning "superior force"—parties may not be liable if the terms of the contract cannot ...
Hapag-Lloyd and Cosco Shipping are among the ocean carriers that have declared "force majeure," a clause that frees the liners from fulfilling contract obligations due to events entirely out of ...