Business Contracts

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January 1, 1 6 min read Definitions

Force Majeure Contractual Obligations Natural Disasters Legal Terms Non-Performance Liability Business Contracts Risk Management

Force majeure refers to an inevitable or unforeseeable event beyond the control of a contractual party, which prevents the performance of contractual obligations, often included in contracts as a protective clause to release the affected party from liability due to non-performance or delayed performance.