Time It or Time Out - Force Majeure

Force Majeure Evaluation

• Is your business immune to covid-19 risk implications?
• Have you rightly invoked the force majeure?
• Have you correctly identified the events of the force majeure?

The background for this evaluation can be understood with the aid of legislation, precedents, recent developments, contract, etc.

What's Force Majeure in Indian law?

Force majeure means extraordinary events, situations or circumstances beyond human control such as an event described as an act of God or superior force. They obstruct the continuation or lawful existence of a contract amidst the parties.

A force majeure clause in a contract is an expressed provision to identify those circumstances or situations in which performance under the contract by either one or both the parties become impossible to be carried out.