GREAT COMEDIANS have something that mediocre ones don't: good timing. And, when it comes to exercising your rights under force majeure clauses, the same applies: Timing is (almost) everything. It may mean the difference between a smooth exit from a contract and the right to terminate at all. What Is It? A force majeure provision addresses the conditions under which a party may terminate an agreement without liability in case of major unforeseen events. One that's well-crafted ...

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