Author - Kunal Dev
Force Majeure, a French phrase that means a ‘superior force’, is embodied under Sections 32 and 56 of the Indian Contract Act, 1872. Typically, force majeure events include an Act of God or natural disasters, war or war-like situations, labour unrest or strikes, epidemics, pandemics, etc. The intention of a force majeure clause is to save the performing party from consequences of something over which it has no control.
Force Majeure is an exception to what would otherwise amount to a breach of contract. It is a contractual provision agreed upon between parties. The occurrence of a force majeure event protects a party from liability for its failure to perform a contractual obligation. «Continue Reading»
For any Contracts & Legal Documentation / Agreements related matter, please Post Your Requirement anonymously and get free proposals OR find the Best Contracts & Legal Documentation / Agreements Lawyers and book a free appointment directly.