Neither party shall be held liable for failure or delay in the performance of its obligations under this contract, if such performance is delayed or hindered by the occurrence of an unforeseeable act or event which is beyond the reasonable control of either party (“Force Majeure Events”).
Acts or events constituting Force Majeure Events shall include, but not limited to act of god, pandemics, war, riots, government intervention, directives or policies.
The party affected by a Force Majeure Event shall notify the other as soon as soon as reasonably practicable after commencement of a Force Majeure Event.
If non-performance caused by a Force Majeure Event is temporary, performance of the contract is suspended during that time and that party is not liable for damages to the other party. If non-performance caused by a Force Majeure Event exceeds sixty (60) days both parties shall be entitled to terminate the contract with immediate effect and neither party shall be held liable for damages in case of such termination.