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Indiana – Force Majeure Law.pdf

Indiana-FM.pdf

🔗 Source: watttieder.com

📊 Size: 37 KB

👤 Author: Leslie Osman

⬇️ Downloads: 139

Summary

Indiana law recognizes the enforceability of force majeure provisions in commercial contracts, which are specific contractual clauses that allocate risk if performance becomes impossible or impracticable due to an unforeseen event. The scope and effect of a force majeure clause depend on the specific contract language, and courts will analyze the intent of the parties at the time the contract was made by examining the language used. The nonperforming party bears the burden of proving the applicability of a force majeure clause, and Indiana courts will heavily rely on the specified contractual language. Additionally, Indiana law recognizes the common law doctrine of impossibility, which is an affirmative defense to performance of an executory contract, but proving this defense is a high bar as it requires demonstrating that performance is absolutely impossible.

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Description

Indiana law recognizes the enforceability of force majeure provisions in commercial contracts, which are specific contractual clauses that allocate risk if...

Technical Information

File Format: PDF
File Size: 37 KB
Pages: 3
Language: EN
Author: Leslie Osman
Total Downloads: 139
Last Updated: 11 hours ago

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This PDF document about Indiana – Force Majeure Law provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Indiana – Force Majeure Law.