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ACT OF GOD CLAUSE
Donald Trump Easter Sunday message controversy: U.S President's Truth Social post goes viral, faces strong criticismsIran war: Criticism was not limited to Donald Trump's Democratic opponents. For Democratic Senator Chris Murphy of Connecticut, who opposes...- NHAI assures fuel, bitumen supply for developers amid Middle East tensionsHighway developers received assurances from NHAI regarding essential material supply. The ongoing Middle East conflict raises concerns abou...
- 'Act of God' clause sought in procurement of IT hardware as component prices surge, supply tightensIT hardware suppliers in India are urging the government to issue force majeure advisories for public procurement of electronics. Soaring c...
- Banks are not adding this clause to the new locker agreement: How does this impact you?The Reserve Bank of India has asked banks to get the new locker agreements signed with their exisiting customers on or before December 31, ...
- Insurance contracts have very little option for consumers except to sign on dotted lines: Supreme Court"Contracts of Insurance are prepared by the insurer having a standard format upon which a consumer is made to sign. He has a very little op...
- What is force majeure? The legal term everyone should know during Covid-19 crisisThe term that has assumed relevance in contractual context today for businesses is “force majeure”.
- How and when the force majeure clause can protect financial contractsThe force majeure clause includes the phrase ‘act of god’ to mean situations that are uncontrolled by human intervention and could not have...
- GST mop-up hit by Covid, 'act of God': CentreThe Centre had promised to compensate states if collection growth was under 14% in a year.
- Lockdown: UP-RERA invokes 'force majeure', builders get 6-month extension to complete projectsThe six months extension will also be provided to such projects that have already availed one-year extension as provided in the RERA Act on...
- MahaRERA invokes force majeure to provide relief till September 15Experts say developers should not use the provision to delay rent to buyers in redevelopment projects.
- Force majeure clause won't apply to coronavirus death claims in life insurance policiesThe Council also confirmed that the clause of ‘Force Majeure’ will not apply in case of COVID-19 death claims. This step was taken to reass...
- Co-working companies offer sops, waive rents to retain clientsSeveral companies said that clients plan to invoke the force majeure, or 'Act of God', clause in their agreements.
- Growth in global IT spending may fall by 2020-end but presents opportunities: IDCIDC said while the major impact is expected to be on hardware business, the software and services businesses are also expected to slow down.
- Sensex crashes 1,375 points: What drove D-Street lower on Monday?World over, the number of coronavirus cases has climbed to 7,13,740.
- Firms want insurance companies to pay “loss of profit” due to COVID-19Quite a few companies are eyeing claims under what is known as the “loss of profit” clause in their insurance contracts. This typically cov...
- How coronavirus may cause legal wranglesUnlike few nations where the term is coded in civil laws, the Indian Contract Act is silent on 'force majeure'.
- Delay in bank loan repayment: Companies point to 'act of god', seek reliefRealty, hospitality and tourism companies want payment leeway from banks
- What is Soft Underwriting?Soft underwriting happens when an underwriter agrees to buy shares in an IPO at a stage after the issue is closed.
- Hotel liable for vehicle theft from parking: SCA bench of Justices M M Shantanagoudar and Ajay Rastogi upheld the order of National Consumer Disputes Redressal Commission directing Taj M...
- A force majeure clause is quite critical in commodity contractsThe event and the causal connection must be outside the control of the parties and should typically be seen as ‘unforeseeable’ and ‘impossi...
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