Is a cyber-attack ”Force Majeure”? Je ne crois pas!
Force majeure clauses are designed to address the risk of events which arise during the course of a contract and are beyond the control of the parties. These clauses can operate to suspend the performance of obligations for the duration of the force majeure and without liability, affording the affected party the opportunity to restore business-as-usual operations. They are the contractual equivalent to “timeout” periods in sporting events.
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