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Force Majeure

Definition

[literally meaning “greater force” in French] Generally invoked to justify involuntary conduct by a party to an agreement. Force majeure may be used to excuse performance of obligations due to an irresistible force or unforeseen external event that makes it materially impossible for the obligor to comply with its obligations. Force majeure typically covers events such as natural disasters, war, or failures of third parties to perform which make performance by the obligor impossible.

Related Rules [?]