This form provides boilerplate Force Majeure contract clauses that outline the consequences and contingencies that will apply under a contract agreement as a result of a Force Majeure event. Several different language options are included to suit individual needs and circumstances.
Missouri Force Mature Provisions — Consequences of a Force Mature Event In the state of Missouri, force majeure provisions play a significant role in contractual agreements and their consequences of unforeseen events beyond the control of parties involved. A force majeure event refers to an extraordinary circumstance or event that prevents one or both parties from fulfilling their obligations as outlined in a contract. Missouri recognizes force majeure provisions as a means of protecting parties from liabilities and unforeseen circumstances that could hinder their ability to fulfill contractual obligations. These provisions are particularly relevant in situations such as natural disasters, acts of God, wars, terrorist attacks, epidemics, and governmental actions. The consequences of a force majeure event under Missouri law heavily depend on the specific provisions outlined in the contract. Here are some types of force majeure provisions recognized in Missouri: 1. Suspension of performance: When a force majeure event occurs, the affected party may be entitled to suspend performance under the contract until the circumstances have been resolved or the event has ceased. 2. Extension of time: Force majeure provisions may allow for an extension of time for performance, ensuring that parties have an adequate opportunity to fulfill their obligations once the event has passed. 3. Termination of the contract: In extreme cases, a force majeure event can lead to the termination of the contract if it becomes impossible or impracticable for both parties to carry out their obligations. However, this would need to be explicitly stated within the force majeure provision itself. 4. Allocation of risk: Force majeure provisions may detail how the risk resulting from a force majeure event is allocated between the parties. This involves determining which party bears the financial or legal consequences of the event. It is important to note that force majeure provisions must be carefully drafted to ensure clarity and effectiveness. Missouri courts scrutinize these provisions to determine their applicability and whether the event in question falls within the scope of force majeure. In conclusion, Missouri recognizes force majeure provisions as crucial components of contractual agreements, protecting parties from unforeseen and uncontrollable events. These provisions outline the consequences of a force majeure event, including the suspension of performance, extension of time, termination of the contract, and the allocation of risk. Contracting parties should carefully consider the inclusion of force majeure provisions and seek legal advice to ensure adequacy and clarity.Missouri Force Mature Provisions — Consequences of a Force Mature Event In the state of Missouri, force majeure provisions play a significant role in contractual agreements and their consequences of unforeseen events beyond the control of parties involved. A force majeure event refers to an extraordinary circumstance or event that prevents one or both parties from fulfilling their obligations as outlined in a contract. Missouri recognizes force majeure provisions as a means of protecting parties from liabilities and unforeseen circumstances that could hinder their ability to fulfill contractual obligations. These provisions are particularly relevant in situations such as natural disasters, acts of God, wars, terrorist attacks, epidemics, and governmental actions. The consequences of a force majeure event under Missouri law heavily depend on the specific provisions outlined in the contract. Here are some types of force majeure provisions recognized in Missouri: 1. Suspension of performance: When a force majeure event occurs, the affected party may be entitled to suspend performance under the contract until the circumstances have been resolved or the event has ceased. 2. Extension of time: Force majeure provisions may allow for an extension of time for performance, ensuring that parties have an adequate opportunity to fulfill their obligations once the event has passed. 3. Termination of the contract: In extreme cases, a force majeure event can lead to the termination of the contract if it becomes impossible or impracticable for both parties to carry out their obligations. However, this would need to be explicitly stated within the force majeure provision itself. 4. Allocation of risk: Force majeure provisions may detail how the risk resulting from a force majeure event is allocated between the parties. This involves determining which party bears the financial or legal consequences of the event. It is important to note that force majeure provisions must be carefully drafted to ensure clarity and effectiveness. Missouri courts scrutinize these provisions to determine their applicability and whether the event in question falls within the scope of force majeure. In conclusion, Missouri recognizes force majeure provisions as crucial components of contractual agreements, protecting parties from unforeseen and uncontrollable events. These provisions outline the consequences of a force majeure event, including the suspension of performance, extension of time, termination of the contract, and the allocation of risk. Contracting parties should carefully consider the inclusion of force majeure provisions and seek legal advice to ensure adequacy and clarity.
