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If you’re covered, you might be able to delay your obligations or even terminate the contract without penalties. Just remember, communication is key – keep the other party in the loop!
Absolutely! Think of it like shaking hands to make sure everyone walks away happy. Negotiating these terms upfront can save a heap of trouble down the road.
You’ll often need to show that the event was beyond your control and that it made fulfilling your contract impossible. Keep your records tight, like a well-organized filing cabinet.
You bet! It's crucial to list out which events your force majeure clause covers to avoid any muddy waters later on. You want everyone on the same page!
We're talking natural disasters like hurricanes or floods, but also things like strikes or government actions. Basically, anything that stops you in your tracks when fulfilling a contract.