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TRAINING SERVICESFIDIC CONTRACTS A PRACTICAL APPROACH
INCLUDING CHANGES TO THE 2017 EDITIONS2425
February 2020
The Workspace,
Morning side Manor outstanding
INTERACTIVEtwoday
WORKSHOP on FDIC Contracts
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How to fill out force majeure and hardship
How to fill out force majeure and hardship
01
Identify the force majeure and hardship clause in your contract.
02
Review the specific events or conditions that qualify as force majeure or hardship.
03
Notify the other party in writing of your intention to invoke the force majeure or hardship clause.
04
Provide evidence and documentation to support your claim of force majeure or hardship.
05
Negotiate with the other party to find a solution or workaround for the impact of the force majeure or hardship event.
Who needs force majeure and hardship?
01
Any party to a contract that may be unable to fulfill their obligations due to unforeseen events or circumstances beyond their control may need to invoke force majeure and hardship clauses.
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What is force majeure and hardship?
Force majeure is a clause in a contract that allows for the temporary suspension of obligations due to unforeseen circumstances. Hardship is a situation where unexpected events make it difficult to fulfill contractual obligations.
Who is required to file force majeure and hardship?
Any party affected by unforeseen circumstances that impact their ability to fulfill contractual obligations is required to file force majeure or hardship.
How to fill out force majeure and hardship?
Force majeure and hardship clauses should be filled out by detailing the specific events that have occurred, how they have impacted the ability to fulfill obligations, and any steps taken to mitigate the impact.
What is the purpose of force majeure and hardship?
The purpose of force majeure and hardship clauses is to provide contractual relief in situations where unforeseen events make it impossible or impracticable to fulfill obligations.
What information must be reported on force majeure and hardship?
The information reported on force majeure and hardship clauses should include details of the unforeseen events, their impact on the contract, any steps taken to mitigate the impact, and a timeline for resolution.
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