What is "Force Majeure"?
Force Majeure provisions, which stem from the French term
meaning "greater force" or "superior force" are
incorporated into many types of commercial agreements. These
clauses are generally put in place to relieve a party from having
to perform its contractual obligations due to the occurrence of an
unexpected, unforeseen, supervening, and sometimes supernatural
event, that is beyond the control of either party to the contract.
This type of an event is sometimes referred to as an "Act of
God."
Features and Effects of Force Majeure Clauses
In uncertain times such as these presented by the Covid-19
pandemic, many businesses and individuals are wondering whether
there is any way to break or hit pause on their commercial
contracts.
