legal
Force Majeure
Definition
A clause that frees parties from liability when extraordinary events prevent fulfillment of obligations.
A clause that frees parties from liability when extraordinary events prevent fulfillment of obligations.
Frequently Asked Questions
What does Force Majeure mean?▼
A clause that frees parties from liability when extraordinary events prevent fulfillment of obligations.
Why is Force Majeure important in business?▼
Understanding force majeure is essential for proper contract drafting, business operations, and legal compliance.