Review:
Impossibility Of Performance Clause
overall review score: 4.5
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score is between 0 and 5
An impossibility-of-performance clause is a contractual provision that relieves a party from performing its obligations under the contract if certain unforeseen events render performance impossible.
Key Features
- Protection against unforeseen events
- Legal remedy for parties unable to fulfill contractual obligations
- Limits liability in cases of extreme circumstances
Pros
- Provides protection and flexibility for parties in unpredictable situations
- Prevents unfair liability in cases of extreme events
Cons
- May be subject to interpretation and legal dispute
- Could potentially lead to breach of contract if misused