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Comparison of Contract Law of the People's Republic of China with The...

Contract Law Force Majeure In Maryland

Category:

Contracts - Contract Law

State:

Multi-State

Control #:

US-00103BG

Format:

Instant download

Description

A comparison the United States law of contracts with the law of contracts of the People's Republic of China.

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Force majeure clauses can play an important role in determining the cost of performing a contract and the allocation of risk, and should not be underestimated. A force majeure clause or an "Act of God" clause provides an excuse to suspend performance due to circumstances beyond a party's control. 2.There are many contracts, however, that do not contain explicit force majeure provisions. Force majeure is a common clause in contracts. An overview to assist when considering seeking to invalidate contracts or delay performance under the common law based on COVID19. Contractual force majeure provisions allocate risk of nonperformance due to events beyond the parties' control.

Contract Law Force Majeure In Maryland

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