Common use of FORCE MAJEURE CIRCUMSTANCES Clause in Contracts

FORCE MAJEURE CIRCUMSTANCES. Parties shall be exempt from the liability arising from full or partial failure to perform contractual obligations during the effect of an insurmountable force [force majeure], provided that such failure is caused by the direct impact of the insurmountable force. A force majeure shall include circumstances which did not exist at the time the present agreement was created and the parties were not in a position to prevent or overcome such occurrence or impact. In particular: natural disasters, fire, strike, military action, blockade, malfunctioning of devices, damage of program software, adoption of legal acts which make it impossible to perform contractual obligations, etc.

Appears in 14 contracts

Samples: General Agreement for Rendering Banking Services, General Agreement for Rendering Banking Services to Individuals, General Agreement for Rendering Banking Services to Individuals

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FORCE MAJEURE CIRCUMSTANCES. Parties shall be exempt from the liability arising from full or partial failure to perform contractual obligations during the effect of an the insurmountable force [force majeure], provided that such failure is caused by the direct impact of the insurmountable force. A force Force majeure shall include the circumstances which did not exist at by the time the present agreement was created processed and the parties were not in a the position to prevent or overcome such occurrence or impact. In particular: natural disasters, fire, strike, military action, blockade, malfunctioning of devices, damage of program software, adoption of the legal acts which make it impossible to perform contractual obligations, obligations etc.

Appears in 1 contract

Samples: General Agreement for Rendering Banking Services to Individuals

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