A contractual provision that renders a debt or obligation immediately due upon the happening of a specified event.
See Also: Contract, Covenant, Covenant Not to Compete
Force majeure isn't as straightforward as you may like. What are it's implications during pandemics?
Many commercial tenants are being forced to reduce their business output or temporarily shut-down operations altogether.
BizCounsel provides access to independent attorneys at your direction. BizCounsel is not a law firm or lawyer referral service and cannot provide any advice or opinion about your legal rights.
© 2021 BizCounsel, Inc.