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6 reasons why it is worth regulating the circumstances related to the occurrence of force majeure in the contract

Delays in the international supply chain? Problems with transport? Blocking international payment systems? Unavailability of certain materials due to extraordinary circumstances?

Discover 6 reasons why it is worth regulating the circumstances related to the occurrence of force majeure in the contract.

  1. You avoid doubts related to determining whether a certain event can or cannot be considered as force majeure for a given contractual relation. It was regulated in the contract. There is no need to worry.
  1. You know what to do when force majeure occurs. You don’t set it up in a hurry. You have an action plan and you implement it.
  1. You control the procedure in case that it becomes impossible for one of the parties to perform an obligation. You know what will happen then and you can secure it.
  1. You know whether the contract is ongoing or will be terminated.
  1. You know what is happening with your obligation towards the contractor.
  1. You know whether the contractor still has to fulfill his obligation towards you. You know when to do them. You know how to do it.

When force majeure events occur in international trade contracts, significant problems may arise in the process of its performance. However, including appropriate clauses in the contract that address such issues can help to manage the situation in a controlled and orderly manner.

Joanna Lubecka
attorney

02

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