Force Majeure
Force majeure is a contract concept allocating risk of certain extraordinary events beyond a party's control that prevent or delay performance. In real estate workflows, force majeure terms most often appear in contracts and construction-adjacent agreements to address timing and excuse mechanics.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Contract performance; delay scenarios
- Property types
- All contracts
Read more in the Knowledge Base
Risk and Liability Terminology
- Closing Protection Letter (CPL)
- Closing Wire Fraud / Business Email Compromise (BEC)
- Deed Fraud
- Directors and Officers (D&O) Insurance
- Errors & Omissions (E&O) Insurance
- Indemnification
- Limitation of Liability
- Liquidated Damages
- Notice of Recorded Document (NRD) Monitoring
- Recording Gap Risk
General information, not legal, tax or financial advice.