Hardship clause is a clause in a contract that is intended to cover cases in which unforeseen events occur that fundamentally alter the equilibrium of a contract resulting in an excessive burden being placed on one of the parties involved. Hardship clauses typically recognize that parties must perform … See more
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Hardship Clause: Everything You Need to Know - UpCounsel
WEBA hardship clause is a contract provision that allows for changes when one party is unduly burdened by altered circumstances. Learn what constitutes hardship, how to …
WEBFeb 1, 2021 · A hardship clause in a contract allows the parties to modify or excuse their contract obligations when one of the parties experiences a hardship. Such a …
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Hardship clause Sample Clauses: 113 Samples | Law Insider
WEBHardship clause. Where a particular clause or article of this Agreement may be found to work a hardship in a specific geographical jurisdiction of a Local Union , either the …
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ICC Force Majeure and Hardship Clauses - International …
WEBMar 24, 2020 · Major innovations include a new Short Form Force Majeure Clause which is limited to some essential provisions covering the most important Force Majeure issues …
WEBThe ICC Force Majeure and Hardship Clauses respond to the market’s need for a reliable and equitable template, providing a set of clear and concise standard provisions regarding excuse from or modification of …
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ICC updates its force majeure and hardship standard clauses
WEBApr 26, 2020 · ICC standard clauses. The ICC has standard documents available on its website, which include standard clauses and their explanatory notes. In 2003, the ICC …
WEBThe idea behind the clause is that the parties should be free to consult each other in the event of a major change in circumstances − particularly one creating hardship for a …
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Hardship and Force Majeure in International Commercial …
WEBThe section on Force Majeure includes an overview of recent arbitral case law (impediment beyond sphere of control and risk of the obligor; foreseeability; causation; notice …