Force Majeure

Force Majeure

The underlying principle of a force majeure clause is that no party to an agreement should be held to perform its obligations to the extent that performance is prevented by certain extreme circumstances outside that party's control. Any party affected by continuing force majeure events will not be required to perform, or be liable for the failure to perform, its obligations as a result of those events.

    • Related Articles

    • Person

      Reference to a person can include an individual, partnership, unincorporated association, unincorporated syndicate, unincorporated organization, trust, trustee, executor, administrator or other legal representative.

    • Intellectual Property (IP)

      Intangible products of human intellect from which ownership (title) and other legal rights can arise. Certain categories of IP that are protected under Canadian law are patents, copyrights, trademarks, industrial designs and trade secrets.

    • Partnership

      The relationship which subsists between two or more persons carrying on business with a view to profit. In Canada, a partnership is not a separate legal person like a corporation. Partnerships are governed by the laws of the jurisdiction in which ...

    • Brute Force Attack (BFA)

      Brute force attacks use complex software to flood the system with all potential passwords or keys to find the right value. In theory, such attacks could be used to guess passwords and keys and access encrypted data. The theoretical time required for ...

    • General Agreement on Tariffs and Trade (GATT)

      A multilateral trade agreement that came into force in 1948. See The General Agreement on Tariffs and Trade, World Trade Organization, July 1986.