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26 de jul. de 2024 · Force majeure is a legal concept that excuses parties from contractual obligations due to unforeseen and uncontrollable events. Learn about the origin, types, and applications of force majeure in commercial and international law, with examples and references.
26 de jul. de 2024 · Force majeure, a French term meaning “superior force,” refers to unforeseen events that prevent the fulfillment of contractual obligations. These events are beyond the control of the contracting parties and can include natural disasters, wars, pandemics, and government actions.
3 de ago. de 2024 · The COA defined a “force majeure event” as an occurrence or situation meeting the following criteria: a) It falls beyond the immediate control of the Party issuing the Force Majeure Notice. b) It hinders or delays the loading or unloading of cargo at the respective ports.
5 de ago. de 2024 · The Supreme Court has now ruled that the claimant was not legally required to accept a non-contractual performance (payment in Euros) and they were entitled to invoke the force majeure clause.
1 de ago. de 2024 · A force majeure clause in a contract specifically spells out the type of events or circumstances that the parties to the contract agree would constitute a force majeure occurrence and trigger the clause into effect. It generally covers natural disasters and catastrophes created by humans.
Hace 5 días · Definition of Force Majeure. Force majeure refers to extraordinary events or circumstances beyond the control of the parties involved in a contract, which prevent one or both parties from fulfilling their contractual obligations.
Hace 6 días · Force majeure clauses usually specify that the relief they provide is only valid for the duration of the event. Once the extraordinary event is over, you are expected to resume your contractual obligations.
