In relevant part, clause (b)(iii) of the Power Annex (the "FM Provision") reads as follows: "Force Majeure. To the extent either party is prevented by Force Majeure from carrying out, in whole or in ...
Although usually set out at the end of a contract in the general or miscellaneous articles of an agreement (and often not paid much attention by the parties), force majeure clauses are now getting a ...
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
The coronavirus pandemic has made it difficult to impossible for dealers to perform certain contractual obligations. Especially where shelter-in-place orders are in effect and auto dealer sales ...
The global financial crisis resulting from the COVID-19 pandemic will undoubtedly raise issues related to the economic viability of countless contracts. Parties will invariably look to enforce force ...
Force majeure. It sounds like an artistic technique—a foil to deus ex machina, for instance, or the technical name for the thrilling final movement of a great symphony. In fact, it’s an obscure legal ...
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
When prices of construction materials spike, are specialty contractors entitled to a price adjustment to fixed-price contracts? According to the American Subcontractors Association (ASA) white paper, ...
(Bloomberg) -- The new war in the Middle East has given fresh relevance to the legal term “force majeure.” It’s a clause that can be found buried in many contracts that lets a party off the hook in ...
The Coronavirus pandemic raises a number of novel legal questions in sports around force majeure or "act of god" clauses. Regardless of whether you subscribe to a specific faith or belief system, the ...
One of the city’s biggest conglomerates delays some housing handovers, citing war-related supply chain disruptions.
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