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force majeure |
Also found in: Dictionary/thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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Force Majeure Events outside the control of the parties. These events are acts of man, nature, governments and regulators, or impersonal events. Contract performance is forgiven or extended by the period of force majeure. force majeure Something outside the control of parties to a contract and which could not have been foreseen or planned for.Usually found in construction contracts,suspending the time limits in the event of a force majeure.It can include Acts of God,such as tornadoes and hurricanes,or acts of humans,such as a strike,terrorist attack,or other such disruptive event. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Bayer MaterialSeienee LLC, Pittsburgh, PA, has lifted Force Majeure regarding its ability to supply toluene diisocyanate (TDI) products in North America, effective January 1, 2007. 17, 2004, the company declared force majeure on MDI, which freed the company fromliability or obligation. Force majeure clauses enable a party to contractually avoid liability due to an irresistible, natural or unavoidable force. |
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