Force Majeure Clause

Quelle: https://en.wikipedia.org/wiki/Force_majeure

A Force Majeure Clause is a contractual provision that excuses or suspends performance and may limit liability when events beyond the parties' control and not caused by their fault or negligence (e.g., natural disasters, war, strikes) prevent or substantially hinder performance.

Related Terms

You might also be interested in these terms

Force Majeure Clause

A force majeure clause provides that a party is relieved from performing its contractual duties, or that performance is temporarily suspended, when th...

Learn more

Force Majeure Notice

A formal notice by a party to a contract declaring that it cannot perform its obligations due to an extraordinary event or circumstance beyond reasona...

Learn more

Force Majeure Event

An event beyond the control of the contracting parties that is unforeseen, unavoidable, and beyond their ability to prevent, which makes the performan...

Learn more

war clause

A contractual provision in shipping, transport, or insurance contracts that governs or excludes liability, performance, or coverage in case of war or ...

Learn more

Force Majeure Duration

The period during which a party is excused from performing contractual obligations due to a force majeure event; during this duration, deadlines may b...

Learn more

Incoterms Force Majeure

A contractual concept referring to force majeure events that are beyond a party's control and may excuse or delay performance under the chosen Incoter...

Learn more