A clause in a contract which allows a party to terminate its obligations under the contract due to an event expressly designated by the parties is known as a:

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A force majeure clause allows a party to terminate its obligations under a contract due to an unforeseeable event beyond the party's control, such as a natural disaster, war, or government action. This clause excuses a party's non-performance of its obligations under the contract due to events that are outside of its reasonable control.

A Clause in a Contract Which Allows a Party to Terminate