Force Majeure

1. Force Majeure, which means "superior force" in French is an excuse for not keeping up a bargain or a promise.
2. When two or more parties agree to do something, it is also common to list a set of events excusing or forgiving a  party's performance.Among these events, Force Majeure would be a popular and common inclusion.
3. However, Force Majeure needs to be made up of specified events. The typical ones are "Act of God", war, government intervention, unusually extreme weather and the like. 
4. The common trait for events making up Force Majeure is that it is not reasonably foreseeable by the parties to the contract. This means that "negligence" or "incompetency" are not events that can support a Force Majeure event.

Bite Size Sign Off....until the next post!