General Contract Clauses: Force Majeure
A Standard Clause that allows the contract parties to allocate the risk of certain force majeure events such as acts of God, hurricanes, earthquakes and other natural disasters, epidemics, terrorism, government acts, embargoes, labor strikes and lock-outs, and other events beyond the control of the parties. Force majeure clauses work to mitigate the negative effects of force majeure events, including business interruption and supply chain disruption. This Standard Clause excuses the party impacted by the force majeure event from performing its obligations. This Standard Clause has integrated notes with important explanations and drafting tips.
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