GLOSSARY

Force Majeure

Force Majeure is the title of a common clause in contracts, exempting the parties from nonfulfillment of their obligations as a result of conditions beyond their control, such as earthquakes, floods, or war.

What is Force Majeure?

Force Majeure is the title of a common clause in contracts, exempting the parties from nonfulfillment of their obligations as a result of conditions beyond their control, such as earthquakes, floods, or war.

It is a state of emergency or condition that permits a company to depart from the strict terms of contract because of an event or effect that cannot be reasonably anticipated or controlled, i.e: beyond human control (French superior or irresistible force). Compare: ACT OF GOD, INEVITABLE ACCIDENT, VIS MAJOR.

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