08 Jun Force Majeure – Force MaWhat
Force Majeure. If you have ever read a contract, most likely included in it was a provision called Force Majeure.
Force Majeure, in literal translation from French, means “superior or irresistible power.” Its use in contracts stateside has been defined as “an event that is a result of the elements of nature, as opposed to one caused by human behavior.”
You will generally see either “Force Majeure” or “Act of God” as the heading of a section of a contract where the true meaning behind the provision is the provision itself (i.e. READ IT! Each contract will include different specifics as to what the Force Majeure is in that contract).
Here is a quick video I did while reviewing a contract pool side at the M Resort after Be the Change. [youtube_sc url=”http://youtu.be/iIWSh1vCTEY” title=”What%20is%20Force%20Majeure?”]
The inclusion of Force Majeure in a legal document will generally free a party or the parties from a given obligation in a contract or delays certain required performances of an obligation. Read the section and figure out how it applies to the obligation of the parties in the contract.
Read ALL contracts ALL the way through including sections that you might assume to have the same inclusions and stipulations through all contracts.
If you don’t have time to review your contracts or would rather a professional in this field handle it for you, contact us at https://jhrlegal.com/find-us/ to discuss the details first. It is in the best interest of you and your business.