A part to all contracts must perform obligations that he promised. But The parties to sales contracts may be faced with a large number of impediments in the course of performance of contracts, such as wars, strikes, government interventions, physical ...
A part to all contracts must perform obligations that he promised. But The parties to sales contracts may be faced with a large number of impediments in the course of performance of contracts, such as wars, strikes, government interventions, physical destruction of the subject- matter of contract and so on. Such a supervening events after formation of contract may render performance of contract impossible or illegal.
And it may be wise for the parties to introduce a clause in their agreement defining in advance their mutual rights and duties if certain events beyond their control occur whether or not such event result in the frustration of the contract. Such clauses are frequently force majeure clauses.
Finally, in construction of force majeure clauses. it need to consider carefully. Thus bathe parties are protected by force majeure clauses.