PREXA365

Welcome to PREXA365 – Canada (Head Office) | US | UK | Dubai | India

Home → Glossary → Force Majeure Clause

Force Majeure Clause

A Force Majeure Clause covers uncontrollable events that prevent rental obligations from being fulfilled.

1 min read·Updated September 2026

Definition

A Force Majeure Clause covers uncontrollable events that prevent rental obligations from being fulfilled.

Why it’s important

Protects both rental providers and customers from penalties during extraordinary circumstances.

How it works

Applied during events such as natural disasters, strikes, or government restrictions.

PREXA365 modules behind this term

Need More Information?

Talk with a PREXA365 expert and get clarity on any rental, asset or ERP concept.