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...

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

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...

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

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

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...