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Force Majeure
A major, unforeseen, or unanticipated event that occurs and prevents the performance of a contract.
Frustrated Contracts Act
Legislation that deals with contracts that, through no fault of either party, cannot be fulfilled due to unforeseen events.
Termination Clause
A provision in a contract that outlines the conditions under which the agreement can be ended prior to the completion of its term.
Deposit
A sum of money placed in an account or given as security for the performance of an obligation, which may be refundable.
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