Force majeure: Difference between revisions
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imported>Doug Williamson (Create page. Soruce) |
imported>Doug Williamson (Create page. Source: Oxford Dictionary of Law, 8th edition.) |
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''Law.'' | ''Law - contract.'' | ||
Literally, ''force majeure'' means irresistible compulsion or coercion. | |||
In contract law, it refers to events affecting the contract that are completely outside the control of the parties. | |||
''Force majeure'' clauses normally excuse both delay and total failure to perform the contract. | |||
''Force majeure'' events - normally listed expressly - generally include acts of God, failure of suppliers or subcontractors, and labour disputes. | |||
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* [[Capacity]] | * [[Capacity]] | ||
* [[Carve-out]] | * [[Carve-out]] | ||
* [[Clause]] | |||
* [[Condition]] | * [[Condition]] | ||
* [[Consensus in idem]] | * [[Consensus in idem]] | ||
* [[Consideration]] | * [[Consideration]] | ||
* [[Contra proferentem]] | * [[Contra proferentem]] | ||
* [[Contract]] | |||
* [[Counter-offer]] | * [[Counter-offer]] | ||
* [[Deal]] | * [[Deal]] | ||
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* [[Express term]] | * [[Express term]] | ||
* [[Fit for purpose]] | * [[Fit for purpose]] | ||
* [[Frustration]] | * [[Frustration]] | ||
* [[Implied term]] | * [[Implied term]] | ||
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* [[Warranty]] | * [[Warranty]] | ||
* [[Zero hours contract]] | * [[Zero hours contract]] | ||
[[Category:Knowledge_and_information_management]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
[[Category:Risk_frameworks]] | |||
[[Category:Financial_products_and_markets]] | |||
[[Category:Liquidity_management]] | |||
Latest revision as of 14:20, 24 March 2020
Law - contract.
Literally, force majeure means irresistible compulsion or coercion.
In contract law, it refers to events affecting the contract that are completely outside the control of the parties.
Force majeure clauses normally excuse both delay and total failure to perform the contract.
Force majeure events - normally listed expressly - generally include acts of God, failure of suppliers or subcontractors, and labour disputes.
See also
- Arbitration clause
- Assignment
- Breach of contract
- Capacity
- Carve-out
- Clause
- Condition
- Consensus in idem
- Consideration
- Contra proferentem
- Contract
- Counter-offer
- Deal
- Eiusdem generis
- Engagement letter
- Exemption clause
- Express term
- Fit for purpose
- Frustration
- Implied term
- Indemnity clause
- Insurance
- Invitation to treat
- Lease
- Liquidated damages
- Long term contracts
- Minor
- Misrepresentation
- My word is my bond
- Negligence
- Open interest
- Performance risk
- Privity of contract
- Repudiation
- Restrictive covenant
- Service agreement
- Sweetheart deal
- Tort
- Trade
- Warranty
- Zero hours contract
