Force Majeure Clauses: Key Issues | Practical Law

Force Majeure Clauses: Key Issues | Practical Law

This Practice Note discusses force majeure clauses, which allow the contract parties to allocate the risk of certain force majeure events such as acts of God, hurricanes, earthquakes and other natural disasters, epidemics, quarantines, terrorism, government acts, embargos, labor strikes and lock-outs, and other events beyond the control of the parties. Force majeure clauses work to mitigate the negative effects of force majeure events, including business interruption and supply chain disruption.

Force Majeure Clauses: Key Issues

Practical Law Practice Note 5-524-2181 (Approx. 15 pages)

Force Majeure Clauses: Key Issues

by Practical Law Commercial Transactions
MaintainedUSA (National/Federal)
This Practice Note discusses force majeure clauses, which allow the contract parties to allocate the risk of certain force majeure events such as acts of God, hurricanes, earthquakes and other natural disasters, epidemics, quarantines, terrorism, government acts, embargos, labor strikes and lock-outs, and other events beyond the control of the parties. Force majeure clauses work to mitigate the negative effects of force majeure events, including business interruption and supply chain disruption.