This form brings together several boilerplate Force Majeure contract clauses that work together to outline the definition, effect, remedies, and procedures applicable under a contract agreement as a result of a Force Majeure event.
Michigan Force Mature — Long-Form Provision is a legal clause that is included in contracts to address situations where unforeseen events or circumstances beyond the control of the parties prevent them from fulfilling their contractual obligations. This provision is designed to provide protection to the contracting parties in case of events such as natural disasters, acts of god, war, terrorism, government orders or regulations, strikes, or labor disputes. The Michigan Force Mature — Long-Form Provision is a specific legal provision that is recognized and applied in contracts governed by the laws of the state of Michigan. It outlines the rights and responsibilities of the parties involved when a force majeure event occurs, thereby granting relief from liability for non-performance or delayed performance during these exceptional circumstances. The Michigan Force Mature — Long-Form Provision typically includes specific elements to ensure its effectiveness and clarity. These elements may include: 1. Definition of Force Mature: The provision should begin by defining the term "force majeure" and list the specific events or circumstances that constitute a force majeure event. This helps in determining what events fall within its scope. 2. Notice Requirements: The provision typically requires the party affected by a force majeure event to promptly notify the other party of its occurrence. This notification helps initiate the process of addressing the impact on the contract and potential remedies. 3. Mitigation of Damages: The provision may require the parties to take reasonable measures to mitigate the effects of the force majeure event or to minimize any losses that may arise due to its occurrence. 4. Suspension or Termination: The provision may specify whether the contract should be temporarily suspended until the force majeure event concludes or terminated altogether if the event persists for an extended period. It may also address the conditions for reinstating the contract after the force majeure event ceases. 5. Compensation and Liability: The provision may outline the financial implications of a force majeure event, including potential compensation, limits on liability, or indemnification obligations. These provisions help allocate risks and determine responsibility for losses resulting from the event. Types of Michigan Force Mature — Long-Form Provisions: 1. Comprehensive Force Mature Clause: This type of provision is broad and encompasses a wide range of force majeure events, giving parties maximum protection against unforeseen circumstances. 2. Limited Force Mature Clause: This provision is narrower in scope and specifically lists the force majeure events that qualify for relief. It may exclude certain events explicitly, depending on the parties' preferences and agreement. 3. Conditional Force Mature Clause: This provision may require the party invoking force majeure to meet specific conditions, such as demonstrating that reasonable efforts were made to avoid or overcome the event's impact before claiming relief. In conclusion, the Michigan Force Mature — Long-Form Provision is a contractual clause that safeguards parties against unexpected and uncontrollable events that may impede contract performance. By clearly defining force majeure events and establishing the rights and obligations of the parties involved, this provision ensures a fair and equitable resolution during challenging circumstances.
