BP Declares FORCE MANEURE in Singapore -- Repost

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Force Maneure -- legal; term of art; action or event occuring beyond the limits of human control; Act of God; etc. From Anglo-Norman Fr. for "Shit Happens."

This was posted on an earlier thread early this morning. I am reposting to accentuate the headline typo in the original article! Deserves a second look. ;^) Link to www.petroleumworld.com

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-- Squirrel Hunter (nuts@upina.cellrelaytower), January 26, 2000

Answers

Thanks SH!!! I missed the first post.

I busted my gut :-) anyone got staples?

Mike

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-- Mike Taylor (mtdesign3@aol.com), January 26, 2000.


Does this mean something broke?

-- MrsPeal (...@...com), January 26, 2000.

FORCE MANEURE - what an overdose of Ex-Lax will cause.

-- TM (mercier7@pdnt.com), January 26, 2000.

FORCE MANEURE = Shit Happens! My Gawd SH, are you a *lairyer*????

BWAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!

I can't wait to use that on a banker!!!!!!

-- JIT (justintime@rightnow.net), January 26, 2000.


ROTFWL...

-- Mad Monk (madmonk@hawaiian.net), January 26, 2000.


[Fair Use: For Education and Research Purpose Only]

Force Majeure literally means "greater force". These clauses excuse a party from liability if some unforseen event beyond the control of that party prevents it from performing its obligations under the contract. Typically, force majeure clauses cover natural disasters or other "Acts of God", war, or the failure of third parties--such as suppliers and subcontractors--to perform their obligations to the contracting party. It is important to remember that force majeure clauses are intended to excuse a party only if the failure to perform could not be avoided by the exercise of due care by that party.

When negotiating force majeure clauses, make sure that the clause applies equally to all parties to the agreement--not just the licensor. Also, it is helpful if the clause sets forth some specific examples of acts that will excuse performance under the clause, such as wars, natural disasters, and other major events that are clearly outside a party's control. Inclusion of examples will help to make clear the parties' intent that such clauses are not intended to apply to excuse failures to perform for reasons within the control of the parties. http://www.library.yale.edu/~llicense/forcegen.shtml

-- Dee (T1Colt556@aol.com), January 26, 2000.


But I like Squirrel's definition better. LOL Think they should just go ahead and change the spelling.

-- Dee (T1Colt556@aol.com), January 26, 2000.

Earlier thread...

BP declares force majeure at Singapore -

http://hv.greenspun.com/bboard/q-and-a-fetch-msg.tcl?msg_id= 002PrU



-- Diane J. Squire (sacredspaces@yahoo.com), January 26, 2000.


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