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
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Detailed financial accounting of all the credits and debits for the buyer and seller upon consummation of a real estate sale. ...
Board used when connected as a floor. It may also be used as a strip in a wall or door. ...
material placed on the outside surface of a structure such as aluminum or vinyl siding on a house. It is cost-efficient because it eliminates the need for repeated painting. Siding provides ...
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Timber in an original form, such as a pole. ...
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