Force Majeure
Definition
A clause in a supply contract that permits either party not to fulfill the contractual commitments due to events beyond their control. These events may range from strikes to export delays in producing countries.
Related Terms Other terms related to 'Force Majeure' starting with the letter 'F' Financial Settlement, F O B Free On Board, Fictitious Trading, Futures Commission Merchant FCM, Forward Contract Browse by Letter » A B C D E F G H I J K L M N O P Q R S T U V W Y Z
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