8.0 FORCE MAJEURE

Is it possible that the problems we are facing right now fall under this point in the agreement we signed when joining PIPS?

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8.0 FORCE MAJEURE

8.1 Notwithstanding any other provision of this Agreement, neither Party will be liable for any failure to fulfill any terms of this Agreement where that fulfillment is delayed, prevented, restricted or interfered with any reason outside the party's control where such breach or failure is caused directly or indirectly by war, civil commotion, hostilities, strikes, lockouts, Acts of God, governmental regulations or directions or the action or omission or purported action or omission of any governmental authority, or any other cause or causes beyond that Party's reasonable control. The Party that is unable to perform it's obligation must notify the other party promptly of any such delay and use it's best efforts to resume performance in accordance with this Agreement as soon as possible. Upon receipt of the notification ,the parties must discuss in good faith and will use all reasonable endeavors how to take account or overcome of any Force Majeure event to resume performance in accordance with this Agreement.

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NOPE, I realy dont think that we have to worry about our common future :wink:

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Originally Posted by kalle

NOPE, I realy dont think that we have to worry about our common future :wink:

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Neither do I 8)

But Force Majeure means that a problem occure that affects business.
So it may be possible? right?

OFcourse it also says

Quote:

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the parties must discuss in good faith and will use all reasonable endeavors how to take account or overcome of any Force Majeure event to resume performance in accordance with this Agreement.

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Wich I belive is what Bryan is trying to do. He seeks the solutions to the problems to get withdrawals moving again, right.

IF he doesnt pay us our money now is not a problem to PIPS as a company :wink: PIPS have money enough to trade with so it dont effect the business 8) Right???

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Originally Posted by kalle

IF he doesnt pay us our money now is not a problem to PIPS as a company :wink: PIPS have money enough to trade with so it dont effect the business 8) Right???

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hm.. and PP is another part of the business right?
But in my eyes of buisness, for me a business is not complete before WT is in my bank. But ofcourse this agreement was about PIPS and not PICPAY.

I see ur point 8)
Thx for enlighten me :oops:

Exactly - this agreement is for PIPS, not Picpay. I'm waiting for my money from Picpay, not from Pips.

nej:Wrote :D
Exactly - this agreement is for PIPS, not Picpay.
I'm waiting for my money from Picpay, not from Pips.

:| :|
As I understand, Once you have sent Monies from PIPS to PICPAY,
it has been deposited but, pending Approval.

It's your money, but you have to wait for Approval of funds.

Does this mean the Funds have not arrived from PIPS???

Just thought of that question, as I wrote this. :shock:

Here's to all of us who wait for the final curtain to rise. :!:

8)

I voted "yes". The case of Force Majeure is always included in a
financial contract. Why be astonished ?

8)

Very true. It shouldn't cover these events either. Force Majeure is used for natural disasters and things outside of the company's control.
If the problem is caused by bad management (don't flame me, I'm not saying that it actually IS), then that is not covered.