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The Hardship and Force Majeure Clauses in International Petroleum Joint Venture Agreements


Talal Abdulla Al-Emadi


Qatar University

July 4, 2011

Oxford Student Legal Studies Paper No. 2/2011

Abstract:     
This piece tries to establish how parties to oil and gas agreements may rely on Hardship and Force Majeure clauses as means of encouraging renegotiation, particularly in cases lacking a contractual term providing for renegotiation. In doing so, I first give a definition of Hardship and Force Majeure clauses. I, then, provide examples form recent practice of both Hardship and Force Majeure clauses. I conclude that Hardship clauses clearly can deal with renegotiation but the traditional view is that Force Majeure clauses deal with suspension or termination of the contracts. I, hence, argued that although the traditional response was suspension or termination of contract, another possible response is renegotiation.

Number of Pages in PDF File: 17

Keywords: hardship, force majeure, international petroleum, joint venture, agreements

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Date posted: July 20, 2011  

Suggested Citation

Al-Emadi, Talal Abdulla, The Hardship and Force Majeure Clauses in International Petroleum Joint Venture Agreements (July 4, 2011). Oxford Student Legal Studies Paper No. 2/2011. Available at SSRN: http://ssrn.com/abstract=1878558 or http://dx.doi.org/10.2139/ssrn.1878558

Contact Information

Talal Abdulla Al-Emadi (Contact Author)
Qatar University ( email )
College of Law
Qatar University
Doha, 2713
Qatar
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