A force majeure clause protects parties to a contract from being responsible for a rapid change in the value of a currency in an international contract.

Question

Quizplus · Accepted Answer

A force majeure clause typically refers to unforeseeable circumstances such as natural disasters, war or labor strikes, and is not related to currency fluctuations. A clause specifically addressing currency risk may be included in international contracts, but it would not be considered a force majeure clause.

A Force Majeure Clause Protects Parties to a Contract from Being