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Force Majeure
(redirected from Force majure)

    Also found in: Financial, Wikipedia, Hutchinson 0.04 sec.

[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.
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The lump-sum contract provides that this contract automatically terminates if the scheduled project completion date is delayed by 180 days due to force majure, or acts or omissions of PEMEX unless PEMEX and Pemopro otherwise agree in writing.
S&P Affirms Pemopro S.A. de C.V. 'BB+' Rating by Business Wire
Force majure was declared at 19:00 AST on Saturday, September 19.
St. Eustatius Facility Impacted By Hurricane Georges by Business Wire
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