Chris Alviggi from NFP explains what you need to know France, 1861. Two parties (event organiser-lessee and landlord) enter into a fixed price/day contract for a music hall rental, when an accidental fire destroys the venue. The contract did not contain a clause stipulating recourse due to unforeseen events. Parties sued and the courts ruled: ‘In contracts in which performance depends on the continued existence of a given person or thing, a condition is implied that the impossibility of performance arising from the perishing of the person or thing shall excuse the performance.’ On this day, force majeure (FM) was […]
