Common use of FORCE MAJEURE Clause in Contracts

FORCE MAJEURE. 10.1. Neither parry shall be liable for the delayed or inadequate fulfilment in part or in full of any of its obligations if this was caused by a Force Majeure or similar event linked to it. 10.2. Force Majeure is considered to include any unpredictable and insuperable acts and/or circumstances which arise as a result of a natural phenomenon, human deed or out of the interaction of objects, at any time after the conclusion of this contract, can not be imputed to the party invoking force majeure, are beyond the control of the same and are likely to prevent or delay in full or in part the execution of the contractual obligations of the party in case (fires, floods, government acts, legislative provisions, natural phenomena, wars, revolutions, strikes etc). 10.3. The party invoking Force Majeure shall notify the other party within five calendar days about the occurrence and cessation, respectively of any such event and shall take any and all reasonable measures in order to limit the consequences of the same. 10.4. Upon receiving the above mentioned notification, the parties shall consult with each other and shall decide on the actions and/or measures to be taken for the interest of both parties, in order to limit or remedy

FORCE MAJEURE. 10.1. Neither parry shall be liable for the delayed or inadequate fulfilment in part or in full of any of its obligations if this was caused by a Force Majeure or similar event linked to it. 10.2. Force Majeure is considered to include any unpredictable and insuperable acts and/or circumstances which arise as a result of a natural phenomenon, human deed or out of the interaction of objects, at any time after the conclusion of this contract, can not be imputed to the party invoking force majeure, are beyond the control of the same and are likely to prevent or delay in full or in part the execution of the contractual obligations of the party in case (fires, floods, government acts, legislative provisions, natural phenomena, wars, revolutions, strikes etc). 10.3. The party invoking Force Majeure shall notify the other party within five calendar days about the occurrence and cessation, respectively of any such event and shall take any and all reasonable measures in order to limit the consequences of the same. 10.4. Upon receiving the above mentioned notification, the parties shall consult with each other and shall decide on the actions and/or measures to be taken for the interest of both parties, in order to limit or remedy.