Agreement Between Money Lender And Borrower

Neither party shall be liable to the other party if and to the extent that the performance or delay in the performance of any of its obligations under this Agreement is prevented, restricted, delayed or disrupted due to circumstances not controlled by that party, including, but not limited to, government laws, fires, floods, explosions, epidemics, accidents, force majeure, wars, riots, strikes, lockouts or other concerted actions of workers, government acts and/or material deficiencies. The party invoking an event of force majeure must immediately inform the other parties in writing and indicate in full the cause or event and the date of its first occurrence as soon as possible after the event and keep the other parties informed of any further developments. The Party concerned shall do everything in its power to eliminate the cause of non-performance and the Parties shall resume the performance with the utmost care, in accordance with this Agreement, once such cause has been eliminated. If any provision of this Agreement is found to be invalid or unenforceable, the invalid or unenforceable provision shall be deemed to be superseded by an applicable provision that most closely matches the intent of the original provision, and the remainder of the Agreement shall remain in full force and effect. (a) all disputes or disputes between the Parties arising out of or relating to this Treaty or its performance shall be settled, as far as possible, by consultation by negotiation between the Parties. b) Any dispute that could not be settled by the parties by amicable settlement (as provided for in the clause above) is definitively settled by the court competent for the grant of the same provision. . . .

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