This office lease form states the tenants obligations to pay rent and perform all the covenants and agreements of the lease even when the landlord is unable to perform obligations under the lease as a result of any natural causalities.
The Indiana Standard Force Mature Clause is a contractual provision included in agreements to allocate the risk of unforeseen events that may prevent or delay the performance of contractual obligations. This clause is particularly relevant in situations where fulfilling a contract becomes impossible or impracticable due to circumstances beyond the control of the parties involved. In the state of Indiana, there are several types of Standard Force Mature Clauses that can be implemented for different purposes. One common type is the Natural Disaster Force Mature Clause. This type specifically addresses situations where natural disasters, such as hurricanes, earthquakes, or floods, make it impossible for a party to fulfill its obligations under the contract. It provides protection against potential liability or breach of contract claims resulting from such events. Another type is the Government Action Force Mature Clause, which covers circumstances where government actions or regulations interfere with the performance of contractual obligations. This includes instances such as changes in legislation, regulations, or executive orders that prevent or hinder compliance with contractual terms. Furthermore, the Indiana Standard Force Mature Clause also encompasses the Labor Dispute Force Mature Clause. This provision applies when labor disputes, such as strikes or lockouts, occur, substantially impacting the ability of the parties to perform their contractual duties. It provides protection by allowing temporary suspension or extension of contract performance until the labor dispute is resolved. Additionally, the Indiana Standard Force Mature Clause encompasses the Acts of God Force Mature Clause. This provision covers events that are beyond human control and impossible to predict, such as fires, extreme weather conditions, or acts of terrorism. It relieves the parties from liability for non-performance or delays caused by such events. It is essential to mention that the specific wording and scope of the Indiana Standard Force Mature Clause can vary from contract to contract. Parties can customize the force majeure provision to suit their specific needs and address potential risks unique to their industry or circumstances. However, regardless of the type or customization, the purpose of the clause remains consistent — to allocate the risk of unforeseen events fairly among the parties involved in the contract.
