Updated Force Majeure Clauses by ICC
The International Chamber of Commerce (ICC) has updated its Force Majeure and Hardship clauses to help businesses large and small draft contracts adaptable to unforeseen events such as the COVID-19 outbreak.
The updated ICC Force Majeure and Hardship Clauses are balanced models for use in international contracts in any jurisdiction, created to help parties negotiate and draft contracts and increase legal certainty. These clauses are intended to apply to any contract which incorporates them either expressly or by reference. While parties are encouraged to incorporate the Clauses into their contracts by its full name, it is anticipated that any reference in a contract to the ICC Force Majeure Clause will, in the absence of evidence to the contrary, be deemed to be a reference to this Clause.
View the full updated content of the ICC updated force majeure clauses here.