Author: Mahammad Jafarov (Mahammad Jafarov)

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The Concept of Force Majeure and Similar Institutions

The Concept of Force Majeure and Similar Institutions

INTRODUCTION Force majeure events are defined as certain acts, events or circumstances beyond the control of the parties which are exceptions to the basic rule pacta sunt servanda (“agreements must be kept”). Such as natural disasters, war, riot, crime, revolution, epidemic; general labour disturbance such as boycott, strike and lock-out, go-slow, occupation of factories and premises...