Template:Isda Force Majeure comp: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "'''{{{{{1}}}|Force Majeure Event}}''': There is no Force Majeure in the {{1992ma}}, though parties would habitually negotiate one in, and by the time the {{2002ma}} was published it was in fairly standardised. For those who didn’t negotiate it in there was also the ISDA Illegality/Force Majeure Protocol (see [http://www.isda.org/2012illegalityprot/docs/ISDA_Protocol_-_Adoption_of_2002_Illegality_FM_provisions_Final.pdf here]) which they could sign — upon payment..." |
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'''{{{{{1}}}|Force Majeure Event}}''': There is no Force Majeure in the {{1992ma}}, though parties would habitually negotiate one in, and by the time the {{2002ma}} was published it was in fairly standardised. For those who didn’t negotiate it in there was also the [[ISDA Illegality/Force Majeure Protocol]] (see [http://www.isda.org/2012illegalityprot/docs/ISDA_Protocol_-_Adoption_of_2002_Illegality_FM_provisions_Final.pdf here]) which they could sign — upon payment of the suitable fee is ISDA — to adopt/incorporate the relevant parts. | '''{{{{{1}}}|Force Majeure Event}}''': There is no Force Majeure in the {{1992ma}}, though parties would habitually negotiate one in, and by the time the {{2002ma}} was published it was in fairly standardised. For those who didn’t negotiate it in there was also the [[ISDA Illegality/Force Majeure Protocol]] (see [http://www.isda.org/2012illegalityprot/docs/ISDA_Protocol_-_Adoption_of_2002_Illegality_FM_provisions_Final.pdf here]) which they could sign — upon payment of the suitable fee is ISDA — to adopt/incorporate the relevant parts. | ||
====Waiting period==== | |||
{{isda Waiting Period comp|{{{1}}}}} | |||
Latest revision as of 16:02, 13 September 2024
{{{{{1}}}|Force Majeure Event}}: There is no Force Majeure in the 1992 ISDA, though parties would habitually negotiate one in, and by the time the 2002 ISDA was published it was in fairly standardised. For those who didn’t negotiate it in there was also the ISDA Illegality/Force Majeure Protocol (see here) which they could sign — upon payment of the suitable fee is ISDA — to adopt/incorporate the relevant parts.
Waiting period
There is no “Waiting Period” in the 1992 ISDA or in the 1987 ISDA. ISDA’s crack drafting squad™ introduced it in the 2002 ISDA with the arrival of Force Majeure, and liked it so much they extended it to Illegality.