Common use of Force Majeure and Hardship Clause in Contracts

Force Majeure and Hardship. (a) Any delays in performance by any party under this Agreement will not be considered a breach of this Agreement if and to the extent caused by occurrences beyond the reasonable control of the party affected, including but not limited to acts of God, embargoes, governmental restrictions, strikes or other concerted acts of workers, fire, flood, explosion, riots, wars, civil disorder, rebellion or sabotage. The party suffering such occurrence will immediately notify the other party and the time for performance of any obligation hereunder, except the due diligence obligations set forth in Paragraph 3.1, will be extended by the actual time of delay caused by the occurrence.

Appears in 4 contracts

Samples: Research and Development Agreement, Research and Development Agreement, Research and Development Agreement (Isis Pharmaceuticals Inc)

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