A Force Majeure Clause Protects Parties to a Contract from Being

question 206

True/False

A force majeure clause protects parties to a contract from being responsible for things outside of their control, such as a war or natural disaster that prevents performance.

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Definitions:

Trade Name

The name by which a business is known to the public, differing from its legal name, under which it carries out its business activities.

Franchisor

The party in a franchising agreement that owns the overarching company, trademarks, and products, granting the right to operate a franchise.

Trademark

A distinctive mark, word, design, picture, or arrangement that is used by a producer in conjunction with a product and tends to cause consumers to identify the product with the producer.

Personal Liability

The legal responsibility of an individual to cover debt or damages arising from their actions.