Sample Corporate Notices of Meetings, Resolutions, Simple Stock Ledger & Certificate.
Corporation Contract Sample With Force Majeure
State:
Nebraska
Control #:
NE-PC-CR
Format:
Word;
Rich Text
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Force majeure examplesWar, riots, earthquakes, hurricanes, lightning, and explosions, for example, are force majeure events. The term also includes energy blackouts, unexpected legislation, lockouts, slowdowns, and strikes.
Generally speaking, for events to constitute force majeure, they must be unforeseeable, external to the parties of the contract, and unavoidable. These concepts are defined and applied differently depending on the jurisdiction.
If by reason of Force Majeure, either party hereto shall be rendered unable wholly or in part to carry out its obligations under this Agreement then such party shall give notice and fully particulars of Force Majeure in writing to the other party within a reasonable time after occurrence of the event or cause relied
No party shall be liable or responsible to the other party, nor be deemed to have defaulted under or breached this Agreement, for any failure or delay in fulfilling or performing any term of this Agreement (except for any obligations to make payments to the other party hereunder), when and to the extent such failure or
Examples of events that might trigger a force majeure clause into effect include a declaration of war, a disease epidemic, or a hurricane, earthquake, or other natural disaster events that fall under the legal term, act of God.
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A party will not be liable for any failure of or delay in the performance of this agreement for the period that such failure or delay is. This portion of the article includes a draft template that can be tailored to the specific business and legal context.To avoid the resultant breach of contract, parties may prefer to excuse contractual obligations to the extent that they have been so inhibited. Many force majeure provisions in commercial contracts list specific events that the parties agree constitute force majeure.