Document background
The Exceptional Hardship Waiver is a crucial legal instrument in Indian jurisprudence, designed to provide relief in situations where unforeseen circumstances create substantial difficulties in fulfilling contractual or regulatory obligations. This document becomes necessary when standard force majeure provisions are insufficient to address the hardship faced. It is commonly used in situations involving financial distress, regulatory compliance challenges, or operational difficulties that were not contemplated when the original obligations were undertaken. The document must comply with Indian contract law principles, particularly the Indian Contract Act, 1872, and should include comprehensive evidence supporting the hardship claim. It's particularly relevant in the post-pandemic business environment where companies and individuals may face unprecedented challenges in meeting their obligations.
