Missouri Extended Date for Performance

• Category: Contracts - Extensions
• State: Multi-State
• Control #: US-02969BG
• Format: Word; Rich Text

Description

This is basically a modification of the original contract. Modification is written change made to a contract. It may be unilateral in accordance with the changes clause in the contract or bilateral. Modification may introduce or cancel specifications or terms of a contract without effecting the purpose of the contract. Unilateral modifications are changed usually through a modification order and mutually agreed change is made by a supplemental agreement. It is also called contract amendment or modification of a contract. Missouri Extended Date for Performance is a legal term that refers to the extension of a specific deadline or date for performing a certain action or fulfilling contractual obligations in the state of Missouri. This extension is granted under certain circumstances and allows parties involved in a contract to have additional time to fulfill their duties or complete a transaction without breaching the terms of the agreement. In Missouri, there are different types of extended dates for performance that can be applicable depending on the situation. These include: 1. Force Mature Extension: This type of extension is granted when unforeseen and extraordinary events occur, making it impracticable or impossible to meet the initial deadline. Events such as natural disasters, wars, strikes, or government actions may trigger the invocation of force majeure, which leads to an extension of the performance date. 2. Mutual Agreement Extension: Parties involved in a contract may agree to extend the performance date voluntarily. This type of extension is typically negotiated and documented in an addendum or an amendment to the original contract. Mutual agreement extensions provide flexibility and allow the parties to adjust their timelines based on changing circumstances. 3. Court-Granted Extension: In certain legal disputes or contract-related lawsuits, a court may order an extension of the performance date to allow the parties involved to resolve their differences or comply with the court's decision. The court will consider the merits of the case and may impose specific conditions or limitations on the extended date for performance. 4. Statutory Extension: Some contracts or agreements fall under specific statutes or regulations that automatically provide for an extended performance date. These statutes can vary based on the nature of the contract, industry, or specific requirements outlined by Missouri law. Parties should familiarize themselves with relevant statutes to determine if a statutory extension is applicable. It is essential to understand that the Missouri Extended Date for Performance is a legal concept, and the specific terms and conditions for extending the performance date may vary based on the circumstances, contract language, or relevant legal requirements applicable to each case. Seeking legal advice and consulting an attorney is recommended when dealing with contract extensions to ensure compliance with Missouri laws and to safeguard the rights and obligations of all parties involved.

Missouri Extended Date for Performance is a legal term that refers to the extension of a specific deadline or date for performing a certain action or fulfilling contractual obligations in the state of Missouri. This extension is granted under certain circumstances and allows parties involved in a contract to have additional time to fulfill their duties or complete a transaction without breaching the terms of the agreement. In Missouri, there are different types of extended dates for performance that can be applicable depending on the situation. These include: 1. Force Mature Extension: This type of extension is granted when unforeseen and extraordinary events occur, making it impracticable or impossible to meet the initial deadline. Events such as natural disasters, wars, strikes, or government actions may trigger the invocation of force majeure, which leads to an extension of the performance date. 2. Mutual Agreement Extension: Parties involved in a contract may agree to extend the performance date voluntarily. This type of extension is typically negotiated and documented in an addendum or an amendment to the original contract. Mutual agreement extensions provide flexibility and allow the parties to adjust their timelines based on changing circumstances. 3. Court-Granted Extension: In certain legal disputes or contract-related lawsuits, a court may order an extension of the performance date to allow the parties involved to resolve their differences or comply with the court's decision. The court will consider the merits of the case and may impose specific conditions or limitations on the extended date for performance. 4. Statutory Extension: Some contracts or agreements fall under specific statutes or regulations that automatically provide for an extended performance date. These statutes can vary based on the nature of the contract, industry, or specific requirements outlined by Missouri law. Parties should familiarize themselves with relevant statutes to determine if a statutory extension is applicable. It is essential to understand that the Missouri Extended Date for Performance is a legal concept, and the specific terms and conditions for extending the performance date may vary based on the circumstances, contract language, or relevant legal requirements applicable to each case. Seeking legal advice and consulting an attorney is recommended when dealing with contract extensions to ensure compliance with Missouri laws and to safeguard the rights and obligations of all parties involved.