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Business & Economics :: Project Management

February 1, 2006

Force Majeure? Make the Best of It

Following hurricanes, floods or other disruptive situations, buyer and seller companies’ contractual obligations may legally get set aside. Understanding how the law works can help you and your company minimize the resulting upset

T. Michael Wall , Gardere Wynne Sewell LLP and Shawn H. Foster, ExxonMobil Chemical Co.

In the U.S. last year, Hurricanes Katrina and Rita powerfully demonstrated the ability of nature to disrupt companies’ operations and commitments. In a business context, the effects of such natural (or, for that matter, civil or social) disruptions can...

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