What is the act of good force majeure?

As such, force majeure events are often labeled as "acts of god" and include both natural and man-made events like fires, floods, storms, war, and labor disputes.

US Legal Forms
Artist Management Agreement

Sample Management Contract With Force Majeure In Mecklenburg

Q: What is the act of good force majeure?

As such, force majeure events are often labeled as &quot;acts of god&quot; and include both natural and man-made events like fires, floods, storms, war, and labor disputes.

Q: Can force majeure be used to terminate a contract?

Termination In cases where the force majeure event is severe and long-lasting, the contract may allow for its termination, meaning the parties are released from their obligations entirely because the event has made it impossible or impractical to continue with the contract.

Q: What is an example of a force majeure letter?

Nevertheless, THE FORCE MAJEURE EVENT has severely limited &#039;s ability to PERFORM OBLIGATIONS UNDER THE CONTRACT to the point where invoking force majeure is necessary. ingly, we write to request NATURE OF RELIEF SOUGHT due to the unforeseen impact of THE FORCE MAJEURE EVENT.

Category:

Contracts - Entertainment

State:

Multi-State

County:

Mecklenburg

Control #:

US-0021BG

Format:

Instant download

Description

The Sample Management Contract with Force Majeure in Mecklenburg outlines the professional relationship between an artist and their manager, detailing responsibilities, rights, and terms of service. Key features include the manager's obligation to promote the artist's career, negotiate contracts, and manage employment opportunities, while also having the authority to act on behalf of the artist. The agreement specifies compensation structures based on the artist's gross monthly earnings, outlining exclusions and costs deducted. Filling and editing instructions are straightforward, requiring both parties to provide personal and business information accurately. The inclusion of a force majeure clause safeguards both parties against unforeseen circumstances affecting performance obligations. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it ensures clarity in contractual terms and protections for clients engaged in the arts and entertainment industry.

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FAQ

In contract law, force majeure (/ˌfɔːrs məˈʒɜːr/ FORSS mə-ZHUR; French: fɔʁs maʒœʁ) is a common clause in contracts which essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war, strike, riot, crime, epidemic, or sudden ...

As such, force majeure events are often labeled as "acts of god" and include both natural and man-made events like fires, floods, storms, war, and labor disputes.

Termination — In cases where the force majeure event is severe and long-lasting, the contract may allow for its termination, meaning the parties are released from their obligations entirely because the event has made it impossible or impractical to continue with the contract.

Either Party shall be excused from performance and shall not be in default in respect of any obligation hereunder to the extent that the failure to perform such obligation is due to a Natural Force Majeure Event.

Nevertheless, THE FORCE MAJEURE EVENT has severely limited _____________'s ability to PERFORM OBLIGATIONS UNDER THE CONTRACT to the point where invoking force majeure is necessary. ingly, we write to request NATURE OF RELIEF SOUGHT due to the unforeseen impact of THE FORCE MAJEURE EVENT.

There are generally three essential elements to force majeure: • tt can occur with or without human intervention • it cannot have reasonably been foreseen by the parties • It was completely beyond the parties' control and they could not have prevented its consequences.

Neither Party shall be liable for failure of or delay in performing obligations set forth in this Agreement, and neither shall be deemed in breach of its obligations, if such failure or delay is due to natural disasters or any causes beyond the 5 reasonable control of either Party.

What Are Examples of Force Majeure? Events that could trigger a force majeure clause include war, terrorist attacks, a pandemic, or natural disasters that fall under the “act of God” category, such as a flood, earthquake, or hurricane.

For the avoidance of doubt, Force Majeure shall not include (a) financial distress nor the inability of either party to make a profit or avoid a financial loss, (b) changes in market prices or conditions, or (c) a party's financial inability to perform its obligations hereunder.