What are some examples of force majeure events?
An example of an AI chatbot conversation about force majeure events and their implications.
What are some examples of force majeure events?
Force majeure events include natural disasters like earthquakes, floods, and hurricanes, as well as events like war or terrorism.
Can you give me a specific example of how a force majeure clause works in a contract?
Sure! If a hurricane prevents a construction company from completing a project on time, they may invoke a force majeure clause to avoid penalties.
Are pandemics considered force majeure events?
Yes, pandemics can be considered force majeure events, as they can disrupt business operations and fulfill contractual obligations.
How can businesses prepare for potential force majeure events?
Businesses can prepare by including force majeure clauses in contracts, creating contingency plans, and ensuring adequate insurance coverage.
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