- force majeure
- Events outside the control of the parties. These events are acts of man, nature, governments and regulators, or impersonal events. contract performance is forgiven or extended by the period of force majeure. Bloomberg Financial Dictionary
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force majeure force ma‧jeure [ˌfɔːs mæˈʒɜː ǁ ˌfɔːrs mɑːˈʒɜːr] noun [uncountable]LAW unexpected events, for example wars, strikes, and things such as floods or Earthquakes, that prevent people from doing what they officially promised or agreed to do. An event like this can legally allow an agreement or contract to be ended or changed:• I want a force majeure clause added to the contract.
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A force majeure clause is written into contracts to allow contracting parties to be freed from their obligations in the event of an occurrence that is outside their control, such as an earthquake, hurricane or a serious labour dispute.* * *
force majeure UK US noun [U] LAW► an unexpected event such as a war, crime, or an earthquake which prevents someone from doing something that is written in a legal agreement: »They might now activate the force majeure clauses that will allow them to demand their money back.
Financial and business terms. 2012.