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 North Carolina Standard Force Mature Clause is a legal provision frequently included in contracts to address unforeseen events or circumstances that may prevent one or both parties from fulfilling their obligations under the contract. This clause acts as a safeguard, protecting parties from liability or possible breach of contract when such events occur. Keywords: North Carolina, Standard Force Mature Clause, legal provision, contracts, unforeseen events, circumstances, obligations, liability, breach of contract. There are several types of Force Mature Clauses commonly used in North Carolina, which provide varying levels of protection: 1. General Force Mature Clause: This clause covers a wide range of unforeseeable events that are beyond the control of both parties, such as natural disasters (hurricanes, floods, earthquakes), acts of God (tornadoes, wildfires, epidemics), wars, terrorism, government actions, and labor disputes. It excuses the affected party from performing their obligations and may provide an extension of time for performance or termination of the contract. 2. Specific Force Mature Clause: This clause specifically lists the events or circumstances considered as force majeure. It includes situations like power outages, strikes, material shortages, pandemics, embargoes, or changes in law or regulations. Parties must carefully define the events they consider as force majeure to limit their impact on the contract. 3. Impossibility/Impracticability Clause: This clause focuses on situations where performance becomes impossible or impracticable due to an unforeseen event. It may be invoked when an event outside the control of the parties makes performance commercially unreasonable, physically impossible, or illegal. However, the event must be unpredictable and not caused by the party seeking relief. 4. Delayed Performance Clause: Sometimes called a "Time-Extension Clause," this provision allows for an extension of time for performance when a force majeure event occurs. It applies when the event causes a delay in performance but does not entirely prevent it. The clause typically stipulates the duration of the extension and any other relevant conditions. 5. Reasonable Efforts Clause: This clause requires parties to make reasonable efforts to overcome or mitigate the impact of a force majeure event. It emphasizes cooperation and collaboration between the parties during such circumstances to find alternative solutions and minimize the impact on the contract. In conclusion, the North Carolina Standard Force Mature Clause is a vital legal provision that addresses unforeseen events or circumstances that may hinder contractual performance. Understanding the specific types of Force Mature Clauses enables parties to negotiate and implement the most suitable provisions for their contracts, ensuring clarity, protection, and fairness.The North Carolina Standard Force Mature Clause is a legal provision frequently included in contracts to address unforeseen events or circumstances that may prevent one or both parties from fulfilling their obligations under the contract. This clause acts as a safeguard, protecting parties from liability or possible breach of contract when such events occur. Keywords: North Carolina, Standard Force Mature Clause, legal provision, contracts, unforeseen events, circumstances, obligations, liability, breach of contract. There are several types of Force Mature Clauses commonly used in North Carolina, which provide varying levels of protection: 1. General Force Mature Clause: This clause covers a wide range of unforeseeable events that are beyond the control of both parties, such as natural disasters (hurricanes, floods, earthquakes), acts of God (tornadoes, wildfires, epidemics), wars, terrorism, government actions, and labor disputes. It excuses the affected party from performing their obligations and may provide an extension of time for performance or termination of the contract. 2. Specific Force Mature Clause: This clause specifically lists the events or circumstances considered as force majeure. It includes situations like power outages, strikes, material shortages, pandemics, embargoes, or changes in law or regulations. Parties must carefully define the events they consider as force majeure to limit their impact on the contract. 3. Impossibility/Impracticability Clause: This clause focuses on situations where performance becomes impossible or impracticable due to an unforeseen event. It may be invoked when an event outside the control of the parties makes performance commercially unreasonable, physically impossible, or illegal. However, the event must be unpredictable and not caused by the party seeking relief. 4. Delayed Performance Clause: Sometimes called a "Time-Extension Clause," this provision allows for an extension of time for performance when a force majeure event occurs. It applies when the event causes a delay in performance but does not entirely prevent it. The clause typically stipulates the duration of the extension and any other relevant conditions. 5. Reasonable Efforts Clause: This clause requires parties to make reasonable efforts to overcome or mitigate the impact of a force majeure event. It emphasizes cooperation and collaboration between the parties during such circumstances to find alternative solutions and minimize the impact on the contract. In conclusion, the North Carolina Standard Force Mature Clause is a vital legal provision that addresses unforeseen events or circumstances that may hinder contractual performance. Understanding the specific types of Force Mature Clauses enables parties to negotiate and implement the most suitable provisions for their contracts, ensuring clarity, protection, and fairness.
