The Nassau New York Standard Force Mature Clause is a contractual provision that addresses the occurrence of unforeseeable events or circumstances that can prevent the parties from fulfilling their obligations under the contract. This clause is often included in various types of contracts, such as commercial agreements, construction contracts, and lease agreements, to help protect the parties from being held liable for non-performance or delay in performance due to extraordinary events beyond their control. The Nassau New York Standard Force Mature Clause typically encompasses specific keywords and elements to ensure its effectiveness and applicability. These keywords may include: unforeseeable event, act of God, natural disaster, government action, epidemic, war, terrorism, strike, fire, or other similar occurrences. These terms clarify that the force majeure event must be outside the reasonable control of the parties and not caused by their own fault or negligence. There may be different types or variations of the Nassau New York Standard Force Mature Clause depending on the nature of the contract and the specific industry it belongs to. Some variations may include: 1. Limited Force Mature Clause: This type of clause might define specific events as force majeure and exclude others. It could also limit the party's obligations or provide a specific timeframe within which the affected party must notify the other party of the force majeure event. 2. Broad Force Mature Clause: In contrast to the limited clause, this type of clause may adopt a broader approach by including a comprehensive list of force majeure events or employing general language to cover any unforeseeable event that hinders performance. 3. Excusing Performance Clause: This variation of the Nassau New York Standard Force Mature Clause might outline the consequences if a force majeure event occurs, such as suspending or excusing the affected party's performance obligations until the event is resolved or subsides. 4. Notice Requirement Clause: This type of clause stipulates the obligation of the affected party to provide prompt notice to the other party about the occurrence of the force majeure event, explaining its nature, expected duration, and potential impact on contract performance. It is important to note that the specific language and provisions of the Nassau New York Standard Force Mature Clause may vary between contracts and industries. Parties should consult legal professionals to tailor the clause to their specific needs and circumstances, ensuring it effectively protects their interests in the event of a force majeure occurrence.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.