Today, we’re diving into the world of contracts with a focus on a critical component that can save businesses when disaster strikes: the force majeure clause. Natural disasters and global crises seem to be growing both in frequency and intensity, and businesses must adapt to survive. Recent hurricanes, floods, and the COVID-19 pandemic have all disrupted industries, leaving business owners scrambling to mitigate the fallout. Enter: the force majeure clause.
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The Importance of Understanding Force Majeure Clauses in Contracts Amid Recent Disasters
About the authors:
Patrick T. Strubbe
Russ Ferguson