Force majeure

英文Force majeure

中文 (征集中)


A term or clause in a contract designed to protect a contracting party against uncontrollable events such as natural disasters, wars or climatic conditions that could prevent the fulfillment of some or all of the terms of the contract. When force majeure is invoked, the contracting party is essentially immune from any claims that customers might make in regard to losses that might result from inability to fulfill the terms of the contract. In the energy industry, force majeure is most frequently invoked to protect utilities from claims of damages that could follow a tornado, earthquake, military action or unanticipated legislative action



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