International Law Practice and Business Consultation
Chi-Hung A. Chan, Attorney at Law
License Contract
Manufacturing Agreement
Sample Contract Terms:
Forece Majeure
Neither party will be liable by reason of any failure or delay in the performance of its obligations (except for the payment of money) on account of strikes, shortages, riots, fires, flood, acts of God, labor conditions, telecommunications failures, or any other cause beyond the control of such party.....................
Neither party shall be in default or otherwise liable for any delay in or failure of its performance under this Agreement if such delay or failure arises by any reason beyond its reasonable control, including any act of God, any acts of the common enemy, the elements, earthquakes, floods, fires, epidemics, riots, failures or delay in transportation or communications, or any act or failure to act by the other party or such other party's employees, agents or contractors; provided, however, that lack of funds shall not be deemed to be a reason beyond a party's reasonable control. The parties will promptly inform and consult with each other as to any of the above causes which in their judgment may or could be the cause of a delay in the performance of this Agreement........
