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Definitions from the Web

Term: Force Majeure

Description: Force Majeure refers to an unforeseen circumstance or event that is beyond the control of parties involved in a contract and hinders them from fulfilling their obligations. Such events are typically considered to be unforeseeable, unavoidable, and of an exceptional nature. Force Majeure can include natural disasters, wars, strikes, government actions, or any other event that makes it impossible for contractual obligations to be fulfilled.

(Part of Speech:)

1. Noun: The legal principle or clause invoking the occurrence of a Force Majeure event.

2. Adjective: Describing an event or circumstance that falls under the definition of Force Majeure.

Senses:

1. Legal Sense: Force Majeure is a legal concept used to protect parties in contractual agreements by providing an exemption for performance in case of exceptional, uncontrollable events.

2. Business Sense: Force Majeure is critical in business contracts as it helps allocate risk between parties and protects them from liability when unforeseen events occur.

Examples:

1. Noun: The Force Majeure clause in our contract protects us from being held accountable for any delays or failures caused by natural disasters.

2. Adjective: Due to the force majeure event, the company was unable to deliver the products on time.

Related products on Amazon:

• Books on Force Majeure in Legal Context
• Business Contracts and Negotiation
• Risk Management Guides