Force Majeure

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Force Majeure (French for "superior force"), also known as cas fortuit (French) or casus fortuitus (Latin), 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, or an event described by the legal term "act of God" (e.g., flooding, earthquake, volcano), prevents one or both parties from fulfilling their obligations under the contract. However, force majeure is not intended to excuse negligence or other malfeasance of a party, as where non-performance is caused by the usual and natural consequences of external forces (e.g., predicted rain stops an outdoor event), or where the intervening circumstances are specifically contemplated.

Klappentext

Force Majeure (French for "superior force"), also known as cas fortuit (French) or casus fortuitus (Latin), 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, or an event described by the legal term "act of God" (e.g., flooding, earthquake, volcano), prevents one or both parties from fulfilling their obligations under the contract. However, force majeure is not intended to excuse negligence or other malfeasance of a party, as where non-performance is caused by the usual and natural consequences of external forces (e.g., predicted rain stops an outdoor event), or where the intervening circumstances are specifically contemplated.

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Weitere Informationen

  • Allgemeine Informationen
    • GTIN 09786130228576
    • Editor Frederic P. Miller, Agnes F. Vandome, John McBrewster
    • Sprache Englisch
    • Genre Wirtschaft
    • Größe H220mm x B150mm x T6mm
    • Jahr 2009
    • EAN 9786130228576
    • Format Fachbuch
    • ISBN 978-613-0-22857-6
    • Titel Force Majeure
    • Untertitel Contract, War, Strike action, Riot, Crime, Act of God, Negligence, Malfeasance, Hell or high water clause, Impossibility, Meeting of the minds, Hardship clause
    • Gewicht 171g
    • Herausgeber Alphascript Publishing
    • Anzahl Seiten 104

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