Force Majeure is a French term which literally means major force or supreme force. It is also defined as an event or effect that cannot be reasonably anticipated or controlled1. Typically, a clause on force majeure is inserted in long term contracts to take into account those events or circumstances which may not be in the control of a party and how the affected party would perform its obligations after the occurrence of such an event or circumstance.
EFFECT OF COVID-19 IN REAL ESTATE PROJECTS
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