Force majeure

External contingencies that affect performance of a contract.

"Regarding the passed deadline, Mr. Salih cited, 'force majeure ,' which allows a company to depart from the terms of a contract when an unanticipated event arises."
Wall street Journal , Sept. 20, 1995, p.B4

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Did you know?

Management BuyIn (MBI)

This is when a small group of shareholders organise a take-over of a company and form a new management team. The opposite of a Management Buyout.


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