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متابعة

Why are Force Majeure clauses inevitable in any large size contract?

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تم إضافة السؤال من قبل Mohammed Amin Petiwala , CFO , Osool Poultry SAOC
تاريخ النشر: 2016/01/06
Pratibha Kumbhat
من قبل Pratibha Kumbhat , Corporate Legal Counsel , Gulf Marketing Group

It is an important clause protecting both the parties especially the service provider from the events which are beyond reasonable control of human beings.

Ahmed Abou-elfarag Abou-elfarag
من قبل Ahmed Abou-elfarag Abou-elfarag , corporate legal counsel , KDD

it also leads to terminate the contract in case it extend for a period to be agreed upon

 

Luqman AlDahlawi
من قبل Luqman AlDahlawi , CLO , Tawuniya

Force Majeure should be in any high value or long term contracts, this is a kind of managing nature risk and unexpected circumstances, otherwise in the absence of such clause could collapse the whole company in in case of such accident occurred    

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