Force Majeure
An unpreventable, overwhelming, and irresistible force. It is common to place a force majeure clause in a construction contract to indemnify a construction deadline in the event an act of God should occur which prevents a timely completion of the contract. For example, a contractor places a force majeure clause in a contract for the construction of a building which is to be completed within nine months. Due to an unexpectedly cold winter, the project had to be delayed three months.
Popular Real Estate Terms
Room containing a toilet and wash basin, but does not include a shower or bath tub. ...
Legal action by an owner of property to oust or exclude an individual or business form using the property. ...
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Evaluating a locality to determine its value and appropriateness for designated objectives. ...
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Operating property for business use, such as managing an office complex. ...
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Concrete or timber beam that serves as a support in the wall structure of a building. Concrete tie beams are often reinforced with steel rods. ...

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