The term “Force Majeure” implying an “act of God” or “superior force” which means an unforeseen event or condition which occurs beyond the control of the parties to a contract, and because of which the parties are prevented from performing their obligations. Such events typically refer to unforeseen events such as war, terrorism, civil unrest, or other acts of God which are beyond the control of the contracting parties and therefore have an unprecedented effect in the performance of the contract. As a generic principle, it has been upheld that courts have no general power to absolve a party from the performance of his part of the contract merely because its performance has become onerous on account of an unforeseen turn of events. Thus, the term “force majeure” and its implication on the contractual obligations would need to be interpreted in a strict fashion.
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この記事は UNIQUE TIMES の April - May 2020 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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