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Force majeure events in the contract come usually under common law (NOTE: this would heavily depend on jurisdiction which parties chose for the Contract to be enforced) and exist to protect the parties, otherwise, the contract would come to an end.
Contract


 
It is a fact that most of the contract claims come out of vague contract terms and conditions. It is also known that the contract administration is greatly efficient in way to respond and resolve contract claims. It is a matter of fact that contract disputes can be very costly for the owner and contractors, as well as any third parties involved
Claims Contract


 
Avoiding any complexities with offshore contracts, which usually arise from loss of life, injuries, and property damage, the parties agree to accept losses to their property and own personnel, regardless of the blame. An example may be given with the Piper Alpha disaster where claims were made against 24 different contractors and many more subcontractors. Therefore, to avoid such complication, parties agree to accept their property losses under the knock-for-knock regime.
Offshore Contracts Knock for Knock Clauses


 


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