Declaration of Force Majeure Sample Clauses
A Declaration of Force Majeure clause defines the process by which a party formally notifies the other party that it is unable to fulfill its contractual obligations due to extraordinary events beyond its control, such as natural disasters, war, or government actions. Typically, this clause requires the affected party to provide prompt written notice, detailing the nature of the event and its expected impact on performance. Its core practical function is to temporarily relieve parties from liability or obligations when unforeseen events make contract performance impossible, thereby allocating risk and providing a clear procedure for handling such disruptions.
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Declaration of Force Majeure. A Party claiming Force Majeure (the “Claiming Party”) shall give notice and details of the full particulars of the Force Majeure event in writing to the other Party as soon as practicable after the onset of the event or occurrence constituting Force Majeure, and upon giving such notice the Claiming Party shall be excused from performance of its obligations under this Agreement insofar as they are affected by such Force Majeure event (other than the obligation to make payments then due or becoming due with respect to performance under this Agreement prior to the suspension of such Party’s obligations as a result of the Force Majeure event). The Claiming Party shall remedy the cause of the Force Majeure event with all reasonable dispatch.
Declaration of Force Majeure. No Party will be liable to any other Party for breach of this Agreement as a result of a failure to perform or for a delay in performance of any provision of this Agreement if such performance is delayed or prevented by Force Majeure. The term “