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.
In legal contracts, a force majeure clause is crucial to protect parties from unforeseen circumstances that may prevent them from fulfilling their contractual obligations. New Hampshire, like many other jurisdictions, has its own variant of the force majeure clause, known as the New Hampshire Force Mature — Long-Form Provision. The New Hampshire Force Mature — Long-Form Provision is a detailed provision that specifically outlines the conditions and events that constitute a force majeure event under New Hampshire law. It aims to provide clarity and certainty to contracting parties by defining the scope and application of force majeure in various circumstances. This provision recognizes that certain events beyond the control of the parties, such as natural disasters, acts of God, pandemics, government actions, and unpredictable market conditions, may make it impossible or impractical to fulfill contractual obligations. It also defines the rights and obligations of both parties when force majeure events occur, including the suspension of contractual obligations during the force majeure period. The New Hampshire Force Mature — Long-Form Provision typically includes explicit language identifying the specific events that qualify as force majeure events. These events can vary, but often include war, riots, strikes, civil unrest, acts of terrorism, embargoes, epidemics, acts of government, or any other event that is beyond the control of the parties and renders performance impossible or commercially impracticable. Furthermore, this provision may include requirements for notice and mitigation efforts by the affected party, ensuring that they promptly inform the other party of the occurrence of a force majeure event and take reasonable steps to minimize the impact of the event on their own performance. It is important to note that the New Hampshire Force Mature — Long-Form Provision is not a "one-size-fits-all" clause. Different types or variations of this provision may exist, depending on the specific industry or nature of the contract. For instance, a force majeure provision in a real estate contract may have different specifications compared to one in a technology services agreement. To ensure the enforceability and clarity of the New Hampshire Force Mature — Long-Form Provision, it is advisable for parties to seek legal counsel to draft or review the clause to accurately reflect their intentions and mitigate risks associated with force majeure events. In conclusion, the New Hampshire Force Mature — Long-Form Provision is a comprehensive clause that offers protection and guidance to contracting parties in scenarios where unforeseen events hinder their ability to perform contractual obligations. By precisely defining force majeure events and the parties' rights and obligations, this provision helps parties navigate through challenging circumstances while preserving the integrity of their contractual relationship.In legal contracts, a force majeure clause is crucial to protect parties from unforeseen circumstances that may prevent them from fulfilling their contractual obligations. New Hampshire, like many other jurisdictions, has its own variant of the force majeure clause, known as the New Hampshire Force Mature — Long-Form Provision. The New Hampshire Force Mature — Long-Form Provision is a detailed provision that specifically outlines the conditions and events that constitute a force majeure event under New Hampshire law. It aims to provide clarity and certainty to contracting parties by defining the scope and application of force majeure in various circumstances. This provision recognizes that certain events beyond the control of the parties, such as natural disasters, acts of God, pandemics, government actions, and unpredictable market conditions, may make it impossible or impractical to fulfill contractual obligations. It also defines the rights and obligations of both parties when force majeure events occur, including the suspension of contractual obligations during the force majeure period. The New Hampshire Force Mature — Long-Form Provision typically includes explicit language identifying the specific events that qualify as force majeure events. These events can vary, but often include war, riots, strikes, civil unrest, acts of terrorism, embargoes, epidemics, acts of government, or any other event that is beyond the control of the parties and renders performance impossible or commercially impracticable. Furthermore, this provision may include requirements for notice and mitigation efforts by the affected party, ensuring that they promptly inform the other party of the occurrence of a force majeure event and take reasonable steps to minimize the impact of the event on their own performance. It is important to note that the New Hampshire Force Mature — Long-Form Provision is not a "one-size-fits-all" clause. Different types or variations of this provision may exist, depending on the specific industry or nature of the contract. For instance, a force majeure provision in a real estate contract may have different specifications compared to one in a technology services agreement. To ensure the enforceability and clarity of the New Hampshire Force Mature — Long-Form Provision, it is advisable for parties to seek legal counsel to draft or review the clause to accurately reflect their intentions and mitigate risks associated with force majeure events. In conclusion, the New Hampshire Force Mature — Long-Form Provision is a comprehensive clause that offers protection and guidance to contracting parties in scenarios where unforeseen events hinder their ability to perform contractual obligations. By precisely defining force majeure events and the parties' rights and obligations, this provision helps parties navigate through challenging circumstances while preserving the integrity of their contractual relationship.
