Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What is force majeure clause in contracts?

Project Finance Accounting Financial Reporting Feasibility Studies Finance
user-image
Question added by Shazia Anees , Assistant Manager Finance , Arham Trading Company
Date Posted: 2015/04/28
Upvote (2) Views (3) Followers (2) Answers (1) Report Question
Write an Answer
Register now or log in to answer.
Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

It is a standard clause found in construction and supply contracts, it exempts the contracting parties from fulfilling their contractual obligations for causes that could not be anticipated and/or are beyond their control.

Write Your Answer
More Questions Like This