What are some examples of force majeure clauses?

What are some examples of force majeure clauses?

Force majeure clauses are provisions in contracts that free parties from liability when extraordinary events occur. Examples include natural disasters, war, or pandemics.

Can you give me a specific example of a force majeure clause?

Sure! A typical force majeure clause might state: 'Neither party shall be liable for any failure to perform its obligations under this agreement if such failure results from events beyond its reasonable control, including but not limited to acts of God, war, or government restrictions.'

How do these clauses affect contract enforcement?

They can significantly impact enforcement by allowing parties to suspend or terminate obligations without penalty during qualifying events.

Are there any limitations to force majeure clauses?

Yes, limitations can include the requirement to notify the other party, the duration of the event, and specific events that are covered.