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What is force majeure clause in contracts?

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Question ajoutée par Shazia Anees , Assistant Manager Finance , Arham Trading Company
Date de publication: 2015/04/28
Shahbaz Hayder
par 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.

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