This form provides a model boilerplate Force Majeure clause for contracts based on the Uniform Commercial Code (UCC).
New Hampshire Force Mature Provisions — The UCC Model New Hampshire's Uniform Commercial Code (UCC) encompasses various force majeure provisions to address unforeseen circumstances that may affect contractual obligations. These provisions protect parties from non-performance or delay caused by extraordinary events beyond their control. They are designed to allocate the risks associated with unexpected events that make performance objectively impossible or commercially impracticable. One type of New Hampshire Force Mature Provision is the "Impossibility of Performance" clause. This provision excuses non-performance when an unforeseen event makes fulfilling contractual obligations impossible. For example, if a supplier's factory is destroyed by a natural disaster, rendering them unable to provide goods to a buyer, this clause may be triggered. Another type is the "Commercial Impracticability" clause. This provision applies when unforeseen events make performance excessively difficult or costly, thus rendering it commercially impracticable for one party. A common example is when substantial increases in costs or extreme shortages of raw materials result from unexpected circumstances beyond the party's control. Additionally, New Hampshire UCC may include a "Temporary Suspension" clause. This provision allows parties to temporarily suspend their obligations during a force majeure event, with the expectation of resuming performance once the event subsides. This type of provision can be beneficial when a temporary disruption prevents immediate performance but is not deemed impossible or impracticable in the long run. Furthermore, a "Tolling" clause might be present in New Hampshire's Force Mature Provisions. Tolling provisions extend the time frame for performance when a force majeure event occurs, allowing parties additional time to fulfill their obligations beyond the original contractual deadlines. This provision prevents parties from being penalized for delays caused by uncontrollable events. It is essential to note that New Hampshire's Force Mature Provisions are governed by the UCC Model, which provides a standardized set of guidelines for commercial transactions. However, specific contractual agreements may deviate from the UCC Model to meet the unique needs of the parties involved. In conclusion, New Hampshire's Force Mature Provisions, based on the UCC Model, consist of various clauses designed to address different circumstances. These provisions protect parties from non-performance or delay resulting from events beyond their control, such as impossibility of performance, commercial impracticability, temporary suspension, and tolling. Adhering to these provisions helps parties allocate risks and navigate unforeseen events that may impact contractual obligations effectively.New Hampshire Force Mature Provisions — The UCC Model New Hampshire's Uniform Commercial Code (UCC) encompasses various force majeure provisions to address unforeseen circumstances that may affect contractual obligations. These provisions protect parties from non-performance or delay caused by extraordinary events beyond their control. They are designed to allocate the risks associated with unexpected events that make performance objectively impossible or commercially impracticable. One type of New Hampshire Force Mature Provision is the "Impossibility of Performance" clause. This provision excuses non-performance when an unforeseen event makes fulfilling contractual obligations impossible. For example, if a supplier's factory is destroyed by a natural disaster, rendering them unable to provide goods to a buyer, this clause may be triggered. Another type is the "Commercial Impracticability" clause. This provision applies when unforeseen events make performance excessively difficult or costly, thus rendering it commercially impracticable for one party. A common example is when substantial increases in costs or extreme shortages of raw materials result from unexpected circumstances beyond the party's control. Additionally, New Hampshire UCC may include a "Temporary Suspension" clause. This provision allows parties to temporarily suspend their obligations during a force majeure event, with the expectation of resuming performance once the event subsides. This type of provision can be beneficial when a temporary disruption prevents immediate performance but is not deemed impossible or impracticable in the long run. Furthermore, a "Tolling" clause might be present in New Hampshire's Force Mature Provisions. Tolling provisions extend the time frame for performance when a force majeure event occurs, allowing parties additional time to fulfill their obligations beyond the original contractual deadlines. This provision prevents parties from being penalized for delays caused by uncontrollable events. It is essential to note that New Hampshire's Force Mature Provisions are governed by the UCC Model, which provides a standardized set of guidelines for commercial transactions. However, specific contractual agreements may deviate from the UCC Model to meet the unique needs of the parties involved. In conclusion, New Hampshire's Force Mature Provisions, based on the UCC Model, consist of various clauses designed to address different circumstances. These provisions protect parties from non-performance or delay resulting from events beyond their control, such as impossibility of performance, commercial impracticability, temporary suspension, and tolling. Adhering to these provisions helps parties allocate risks and navigate unforeseen events that may impact contractual obligations effectively.
