Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hardship clauses are typically less strict than force majeure clauses and are used in long term contracts to manage the process of having non binding

image text in transcribed
Hardship clauses are typically less strict than force majeure clauses and are used in long term contracts to manage the process of having non binding discussions about temporary renegotiation of specific financial criteria or obligations that have become temporarily uneconomic because of unforeseen circumstances but the parties value the continuation of the long term relationship. Is the above statement: O False O True

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Business Law

Authors: Anthony Liuzzo, Ruth Calhoun Hughes

11th Edition

1260734544, 978-1260734546

More Books

Students also viewed these Law questions

Question

What was the positive value of Max Weber's model of "bureaucracy?"

Answered: 1 week ago

Question

What are employee assistance programs and wellness programs?

Answered: 1 week ago