Contract Basics: Force Majeure and Business Interruption: Presentation Materials | Practical Law
A PowerPoint presentation that counsel can use to train employees of a US company who routinely negotiate commercial contracts, such as procurement, sales, and marketing employees, about key issues they should consider in responding to the effects of a force majeure event. It gives a high-level overview of the key legal concepts related to force majeure events and resulting business interruptions, including the impact of a force majeure clause in a commercial contract, other legal excuses for non-performance (including impossibility, frustration of purpose, and impracticability), steps to take when a force majeure event occurs, insurance coverage for force majeure events, and considerations when negotiating a force majeure clause.