Force majeure

{
  "id": "MLC-T-INS-001559",
  "term": "Force majeure",
  "field": "Insurance and risk management",
  "definition": "A contract clause that excuses a party from performance of its contractual duties when an unforeseen and uncontrollable event makes performance impossible or impracticable. Such events include natural disasters like floods or earthquakes, wars, or government actions that prevent the fulfillment of the agreement. The specific events that qualify are explicitly listed within the contract's force majeure provision.",
  "url": "https://mlchart.com/terminology/insurance/force-majeure/"
}