A Force Majeure Clause is a provision that can be included in contracts to protect parties from unforeseen events that prevent them from fulfilling their obligations. Such events might include natural disasters, wars, or other extraordinary circumstances. In this space, this clause is crucial due to the volatile nature of the market. Events like regulatory changes, hacking incidents, or significant technical failures can disrupt transactions or services. If these unforeseen circumstances occur, the clause allows affected parties to suspend or excuse performance without liability.For example, if a major exchange experiences a hack, impacting its ability to process trades, a Force Majeure Clause can relieve it from penalties for failing to execute trades as agreed. In summary, this clause serves as a safeguard, acknowledging that certain events are beyond the control of the parties involved and may warrant a reconsideration of responsibilities outlined in the contract.
First Floki ETP Launches in Europe, Listed on Spotlight Stock Market
A new exchange-traded product (ETP) tied to the cryptocurrency Floki has gone live in Europe, marking the first time a