Force Majeure Clause definition
Examples of Force Majeure Clause in a sentence
The contract entrusted to the successful vendor shall be subject to "Force Majeure Clause" as per Section 56 of Indian Contract Act restricting to the case of natural calamity such as earthquake, storm, floods or rising of war by any country.
If this situation occurs and affects performance under this Agreement, the affected Party may invoke this Force Majeure Clause.
Thereafter, if the contract is cancelled under the terms of the Force Majeure Clause or Prohibition Clause of FOSFA 53, this clause is not applicable.
This Service Level Guarantees and credits are subject to Force Majeure Clause hereof, as well as availability of Software and access capability at the time of outage.
The ICC Force Majeure Clause (Long Form) is incorporated in the present contract.
However, applicability of Force Majeure Clause in respect to a particular contract in the above backdrop is to be decided by Tender Accepting Authority.
For the purpose of para 8 of ICC Force Majeure Clause the applicable period specified by the Parties is 60 (sixty) days.
The ICC Force Majeure Clause 2003 and the ICC Hardship Clause 2003 ICC Publication 650 E) are, hereby, incorporated by reference, provided, however, that the “reasonable period” and the “reasonable time” referred to in paragraphs 8 and 2 of the ICC Force Majeure Clause and the ICC Hardship Clause, respectively, shall be three (3) months.
Hence, the Force Majeure Clause provides that no party shall be liable for any default or delay in the performance of his obligations when such default or delay is due to any contingency beyond our reasonable control.
If there is delay in performance or other failures by the Service Provider to perform its obligation under the contract due to an event of a Force Majeure and the contract is governed by Force Majeure Clause, the Service Provider shall not be held responsible for such delays/failures.