Credit: RAGMA IMAGES/Shutterstock.com Force Majeure Clauses Are Taking Center Stage in Uncertain Times
Force majeure is lurking in the shadows of the Hollywood strikes, offering struggling studios a potential lifeline out of debt. But the best attorneys and the strongest contracts are proactive, rather than reactive. Thus, consider the following drafting tips to strengthen your force majeure language now, in the calm before the next storm.
September 12, 2023 at 05:54 PM
8 minute read
Contracts
"Force majeure" is the contract provision that describes events the parties agree are reasonably unforeseeable, unavoidable and outside of either party's control. Events triggering force majeure may include things like acts of God, political unrest, natural disasters and labor disruptions. A force majeure event allows a party to get away with failing to perform without liability to the other party.
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