LPL » Topics » Article 19. Force Majeure

This excerpt taken from the LPL 20-F filed Apr 11, 2005.

Article 19. Force Majeure

 

19.1 The failure or delay by either Party hereto to perform any obligation under this Agreement solely by reason of acts of God, acts of government, riots, wars, embargoes, strikes, lockouts, accidents in transportation, or other causes reasonably beyond its control (“Force Majeure”) shall not be deemed to be a breach of this Agreement; provided, however, that the Party so prevented from complying herewith shall not have procured such Force Majeure, shall have used reasonable diligence to avoid such Force Majeure and ameliorate its effects, and shall continue to take all actions within its power to comply as fully as possible with the terms of this Agreement.

 

19.2 Except where the nature of the event shall prevent it doing so, the Party suffering such Force Majeure shall notify the other Parties in writing within fourteen (14) days after the occurrence of such Force Majeure and shall in every instance, to the extent reasonable and lawful under the circumstances, use its best efforts to remove or remedy such cause with all reasonable dispatch.


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