Although usually set out at the end of a contract in the general or miscellaneous articles of an agreement (and often not paid much attention by the parties), force majeure clauses are now getting a ...

In relevant part, clause (b)(iii) of the Power Annex (the "FM Provision") reads as follows: "Force Majeure. To the extent either party is prevented by Force Majeure from carrying out, in whole or in ...

Though often boilerplate language, force majeure clauses in contracts are seldom invoked unless for the occurrence of some sort of extraordinary event. The clause typically relieves both parties from ...

"Force majeure" is the contract provision that describes events the parties agree are reasonably unforeseeable, unavoidable and outside of either party's control. Events triggering force majeure may ...

The COVID-19 pandemic triggered catastrophic disruption to business transactions worldwide. Many entities assumed that a “force majeure” clause, meant to relieve performance for unforeseen and ...

Forbes contributors publish independent expert analyses and insights. I am the Executive Chairman of Diversified, a CFP and author. In legal contracts, there is a clause called force majeure, which ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Force majeure clauses in contracts help companies avoid liabilities from unforeseen events. COVID-19 led many firms to invoke force majeure due to disrupted operations. Investors must consider force ...

As Oklahoma State athletic director Mike Holder ticked off the changes made to football coach Mike Gundy’s contract Friday following a law firm’s investigation into the treatment of players in the ...

Force majeure is lurking in the shadows of the Hollywood strikes, offering struggling studios a potential lifeline out of debt. But the best attorneys and the strongest contracts are proactive, rather ...

Whether you agree with the ­shutdowns and government actions that have resulted from the COVID-19 pandemic, the reality is there have been significant economic implications. As months and years go by, ...