Common use of FORCE MAJURE Clause in Contracts

FORCE MAJURE. Neither party ▇▇▇▇l be deemed to be in breach of this Agreement or otherwise be liable to the other by reason of any delay in performing or failure to perform any obligations hereunder to the extent that such delay or failure was due to any force majeure of which it has notified the other party, and the time of performance of that obligation shall be extended accordingly. If the force majeure in question prevails for a continuous period in excess of 30 days, the parties shall enter into bona fide discussions with a view to alleviating its effects or to agree to such alternative arrangements as may be fair and reasonable. Without prejudice to the generality of the foregoing, the following, without limitation, shall be regarded as force majeure: acts of God, explosions, floods, tempest, fires or accidents, war or threat of war, acts, restrictions or regulations of any government or governmental agency, import or export regulations or embargoes, strikes or other labor troubles, difficulties in obtaining raw materials, power failure or breakdowns in machinery or any other cause beyond the control of, or occurring without the fault of, the party asserting the force majeure.