Force Majeure refers to unforeseen events that prevent parties from fulfilling their contractual obligations. These events are typically beyond the control of the involved parties and can include natural disasters, wars, or pandemics. When a force majeure event occurs, it may excuse or delay performance under a contract without liability for damages. In legal terms, a force majeure clause is often included in contracts to outline specific circumstances that qualify as force majeure. This clause helps protect parties from penalties if they cannot meet their obligations due to these extraordinary events, ensuring fairness in unpredictable situations.