Term

Force Majeure Clause

Definition

Escape clause in a contract stating that if certain extreme events happen, the party is not liable for non-performance.

Term

Act of State Doctrine

Definition

U.S. courts won't sit in judgment of the public acts of a foreign sovereign done on its own territory.

Term

Foreign Corrupt Practices Act (FCPA)

Definition

Anti-bribery law for American companies prohibiting bribing foreign government officials to obtain contracts.