1.What is force majeure?

2.What are some of the circumstances or events that you must take into consideration as you sign the contract?

Force majeure refers to unforeseeable circumstances that prevent a person or company from fulfilling a contract.The term means “superior force”.We also use the terms“irresistible force” and “chance occurrence” with the same meaning.The term is common in trade,supply and construction contracts.It means that the party is exempt from fulfilling its obligation in the contract if something unforeseeable happens,specifically,if it is something that is beyond their control.Force majeure includes an act of God,act of parliament or act of man.In legal English,an “act of God” is a natural hazard that is beyond our control,such as a tsunami or earthquake.There are dozens of circumstances or events that we classify as examples of force majeure.War,riots,earthquakes,hurricanes,lightning,and explosions,for example,are force majeure events.The term also includes energy blackouts,unexpected legislation,lockouts,slowdowns,and strikes.