Common use of Force Majeure Clause in Contracts

Force Majeure. In case of reasons or circumstances (such as: war, fire, flood, weather issues, power cut, strike) over which the party has no control (force majeure), each party is exempted from the obligations deriving from the Contract as long as this reason or the circumstance does exist. Parties agree they do everything possible to keep the appearance of these reasons and circumstances at the lowest level and to handle the caused damages or delay within the shortest possible time.