force majeure investment & finance definition
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A standard clause in a contract that indemnifies, or protects from loss, ...
Force Majeure: A clause in a supply contract that permits either party not to fulfill the contractual commitments due to events beyond their control. These events may range from strikes to export delays in producing countries.
Force majeure
A condition that permits a company to depart from the strict terms of a contract because of an event or effect that can't be reasonably anticipated or controlled.
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Force majeure risk
The risk that there will be prolonged interruption of operations for a project finance enterprise due to fire, flood, storm, or some other factor beyond the control of the project's sponsors.
Force Majeure
A force majeure is a catastrophic event. The term force majeure is typically included in contracts to remove any liability for either signing party in case of a catastrophic event and is intended to protect both parties.
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.
Many shipping and other performance contracts include a 'force majeure' clause which excuses a party who breaches the contract due to acts of God.
 See also: Contract, Transaction, Investment, Trading, Security
  
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