chance occurrence, unavoidable accident".[1] It is a common clause in contracts that essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war,strike, riot, crime, or an event described by the legal term act of God (such as hurricane,flooding, earthquake, volcanic eruption, etc.
So if the hold up is sabotage rather than a hold up due to losing access to the railway then the force majure clause should kick in and the 4 year royalty should be on hold until production is able to start again.
My opinion only.
CFE Price at posting:
3.8¢ Sentiment: None Disclosure: Not Held
