How does force majeure affect contracts?

What is force majeure in a contract?

Force majeure refers to unforeseen events that prevent parties from fulfilling their contractual obligations, like natural disasters.

How does it affect my contract if a force majeure event occurs?

If a force majeure event occurs, it may excuse performance or delay obligations without penalty, depending on the contract terms.

Can I terminate the contract due to force majeure?

Yes, you may be able to terminate the contract if the force majeure event makes performance impossible, but check the contract for specific terms.

What types of events are usually considered force majeure?

Common events include natural disasters, wars, pandemics, and government actions that are beyond the control of the parties.

Should I include a force majeure clause in my contracts?

Yes, including a force majeure clause can protect you from liability in case of unforeseen events that disrupt contract performance.