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Force Majeure |
Also found in: Dictionary/thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.07 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. 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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