FORCE MAJEURE OR FORTUITOUS EVENTS Sample Clauses
The Force Majeure or Fortuitous Events clause defines circumstances under which a party is excused from fulfilling contractual obligations due to extraordinary events beyond their control. Typically, this clause applies to situations such as natural disasters, war, or government actions that make performance impossible or impracticable. Its core function is to allocate risk by protecting parties from liability when unforeseen events prevent them from meeting their contractual commitments.
FORCE MAJEURE OR FORTUITOUS EVENTS. 12.1. None of the Parties involved will be responsible for non compliance of its Contractual obligations if the non compliance is a result of Force Majeure or Fortuitous Events, in accordance with Article 1.105 of the Civil Code.
12.2. The Party affected by a case of Force Majeure or a Fortuitous Event will have to notify the other Party in writing as soon as possible, indicating the event that caused the case of Force Majeure or Fortuitous Event, the nature of the event, the circumstances in which it occurred, the length of time foreseen for said circumstance, and the measures it plans to take to reduce, if possible, the effects of the event on the obligations stipulated in the present Contract.
12.3. Each of the Parties involved will agree to make every possible effort (within its reach) to avoid or mitigate the effects of a case of Force
12.4. If a case of Force Majeure or Fortuitous Event that affects the totality of the obligations of one of the Parties or in which a substantial part of these obligations would go on for a period longer than six months, the Party affected by the case of Force Majeure or Fortuitous Event may, providing it gives a thirty (30) day notice, urge the termination of the present Contract. The termination will not exempt the Parties from complying with obligations that existed prior to the situation of Force Majeure or Fortuitous Event.