Just realized my 'force majeure' clause saved me from a $12k hit when a supplier went under

I always thought it was just boilerplate until a concrete admixture company folded last Tuesday and my contract's specific wording let me cancel the order without penalty, so what other 'standard' clauses have you guys actually had to use?

3 comments

3 Comments

ross.felix20d ago

That indemnification clause is no joke either. Had a sub-contractor mess up some electrical work that caused property damage. Their insurance tried to weasel out, but our contract's indemnity language made them cover the whole repair bill.

joseph95720d ago

Man, that's why fine print actually matters sometimes.

the_jessica20d ago

Ross.felix is right about that. Indemnity clauses are a lifesaver. Seen a client get burned by a weak one last year. Their vendor's mistake cost them thousands out of pocket. Solid contract language is the only real protection.