This article mainly introduces the basic content of the force majeure clause from the reasons for joining the force majeure clause, effective requirements, components, trigger events, notification and remedies. <br><br>Force majeure clauses are added to construction contracts to allocate risks. If the force majeure indicated in the clause occurs, a party to the contract can be exempted from the obligation to perform the contract to prevent being sued for failing to complete the work on time. The force majeure clause consists of four parts: the type and length of the force majeure event, the explanation method of the notice, and the obligations of both parties in the event of force majeure. When the contract becomes effective, it must meet the conditions that the event is out of control and affects the performance of the contract, making it more difficult to enforce the contract, the claimant is not at fault, and the party who wishes to adopt the terms has already taken action. <br><br>When a force majeure event occurs, the execution period of the contract will be extended. The blocked party should issue a certificate as soon as possible to properly notify the other party of the occurrence of the event and take active remedial measures. After the notification is issued, the force majeure protection begins, and the force majeure clause can provide the only relief for the parties. , If the notification is inappropriate, the force majeure clause may not be triggered. When the force majeure event lasts for more than 120 days, the two parties shall decide through negotiation whether to terminate the contract or exempt the contract obligation. When the non-performing party is able to restore its obligations under this agreement or meet the corresponding prerequisites, it shall also immediately issue a written notice to the performing party and restore its obligations.
正在翻译中..