Force Majeure Clause

Force Majeure Clause

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Description

If you have a contract but need to add or update a Force Majeure Clause (aka "Act of God" clause), this is for you. A Force Majeure Clause states that in the event of an act of God, war, terrorist event, pandemic, or other occurrence that is unforeseen and unpredictable at the time of contracting that prevents any party from performing their obligations under the contract, the impacted party will be excused from performance during such time and it will not be considered a breach of contract. The clause specifies the events which enable either party to declare a force majeure event, how a party should notify its counter-party about the occurrence, and the consequences after a force majeure event have occurred. This clause includes a portion at the bottom of the clause relating to what happens with retainers/fees paid from your clients when a force majeure event occurs.



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