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Force Majeure – Scope of Act of God and its Applicability in Current Times
Team Lawyered
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»
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Sophie Asveld
February 14, 2019
Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.
Sophie Asveld
February 14, 2019
Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.