Force Majeure Liability Waiver
Quelle: https://en.wikipedia.org/wiki/Force_majeure
A contractual or statutory relief from liability when performance or contractual obligations cannot be fulfilled, are delayed, or are significantly impaired due to events beyond a party’s control (force majeure). It results in exemption from or limitation of liability and the allocation of risk as specified in the contract.
Related Terms
You might also be interested in these terms
⚖️ ICC Incoterms 2020
Incoterms 2020 Simulator: Who bears costs & risk?
Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.