What is the difference between force majeure and other contract clauses?

What is the difference between force majeure and other contract clauses?

Force majeure refers to unforeseen events that prevent contract fulfillment, while other clauses may address specific obligations or liabilities.

Can you give examples of force majeure events?

Sure! Examples include natural disasters, wars, pandemics, or government actions that make it impossible to perform the contract.

How does a force majeure clause protect parties in a contract?

It allows parties to be excused from performance without liability when a force majeure event occurs, protecting them from penalties.

Are there other clauses that can provide similar protections?

Yes, clauses like 'termination for convenience' or 'material adverse change' can also provide protections under certain conditions.

What should I include in a force majeure clause?

Include a clear definition of force majeure events, the obligations of parties, and the process for notifying the other party.