Financial Agreement Terms

1 words in this vocabulary list

noun A clause in a contract that allows for the suspension or termination of the contract due to unforeseen circumstances beyond the control of the parties involved.

  • The company invoked force majeure to cancel the contract due to unforeseen circumstances.
  • The event was cancelled last minute because of force majeure.
  • We can't control the weather, it's like force majeure.
  • In life, unexpected challenges can be seen as force majeure events that test our resilience.