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Force Majeure |
Also found in: Financial, Wikipedia, Hutchinson | 0.01 sec. |
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[French, A superior or irresistible power.] An event that is a result of the elements of nature, as opposed to one caused by human behavior. The term force majeure relates to the law of insurance and is frequently used in construction contracts to protect the parties in the event that a segment of the contract cannot be performed due to causes that are outside the control of the parties, such as natural disasters, that could not be evaded through the exercise of due care. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Without the incorporation of the specific cause within a force majeure clause, it is an open question as to whether a catch-all force majeure provision would cover a given situation. As such, suppliers should review the terms and conditions of their contracts to determine if such relief is available under a force majeure clause. I've definitely been paying far more attention to the way the force majeure clause is written and trying to see that it's written as broadly as possible," she says. |
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