Understanding Force Majeure Clauses in Nevada Post-COVID: Legal Implications and Practical Guidance
Introduction to Force Majeure Clauses Force majeure clauses serve as vital components in contracts, delineating obligations when unforeseen circumstances materially affect performance. These clauses identify specific events—such as natural disasters, wars, or epidemics—that may excuse a party from fulfilling contractual commitments due to circumstances beyond their control. The essence of a force majeure clause is … Read more