In today's unpredictable world, businesses must prepare for unexpected events that could disrupt operations. Force majeure clauses in contracts provide a way to manage these risks. This article explores the key aspects of force majeure, from understanding its basics to drafting effective clauses and learning from recent events like COVID-19.
 
Key Takeaways
 
Force majeure clauses help businesses handle unforeseen events by excusing nonperformance due to specific, uncontrollable circumstances.
Clear and specific language in force majeure clauses is crucial to ensure all parties understand what events are covered.
COVID-19 highlighted the importance of including pandemics in force majeure clauses to avoid disputes.
 
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