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Sunday, February 6, 2011

Force Majeure

Force majeure (French for "superior force"), also known as cas fortuit (French) or casus fortuitus (Latin),[1] is a common clause in contracts that essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a warstrikeriot, crime, or an event described by the legal term "act of God" (such asfloodingearthquake, or volcanic eruption), prevents one or both parties from fulfilling their obligations under the contract

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