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Sponsored by Lorman Education
Only registered attendee will receive continuing education credit.
Product ID: 406254
 
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Force Majeure Clauses in Construction Contracts

Live Webinar
September 18, 2019
1:00 pm ET (12 pm CT, 11 am MT, 10 am PT)
1 hour 30 minutes
Live Webinar$219Register Now
Can't Attend?   Audio & Reference Manual$219Add to Cart

Understand the scope of traditional and non-traditional force majeure clauses so you are equipped to draft and negotiate better clauses.

Construction contracts have traditionally addressed the risk of supervening, uncontrollable events, such as natural disasters, war, and civil unrest, through the use of standard force majeure (superior force) clauses. Oftentimes such clauses are included in construction contracts without modification, negotiation, or much thought or appreciation about the actual risks or devastating effects that such events would have on a construction project. Modern construction projects are also more likely than in the past to be adversely affected by national and global events, such as climate change, material shortages, tariffs, trade agreements, and terrorism that are not adequately addressed by the standard force majeure clauses. This can lead to disputes as parties try to make these risks fit within the traditional force majeure clauses. As a result, this topic will help owners, developers, construction managers, contractors, subcontractors, design professionals, and others in the construction industry develop a better understanding of the importance of adequately addressing the risk of supervening, uncontrollable events in force majeure clauses. You will better understand the scope of traditional force majeure clauses, and you will better appreciate the possibilities of addressing nontraditional and project specific risks through force majeure clauses. In short, this topic will help you draft and negotiate better force majeure clauses, which will lead to better contracts and less disputes, which is critical for anyone who will or may draft, negotiate, sign, or administer a construction contract.

Learning Objectives

• You will be able to recognize the legal effect of not including a force majeure clause in a construction contract.

• You will be able to identify general and specific risks that could or should be addressed in a force majeure clause.

• You will be able to describe more effective force majeure clauses.

• You will be able to explain how to negotiate, sign, and administer construction contracts and purchase orders to better understand their rights, defenses, and options in event of a dispute involving a force majeure clause.

Registration

Live Webinar$219Register Now
Can't Attend?   Audio & Reference Manual$219Add to Cart