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.
New Mexico Force Mature — Long-Form Provision is a legal provision included in contracts that provides protection to parties in the event of unforeseeable circumstances or events that prevent them from fulfilling their contractual obligations. This provision allows parties to suspend or terminate performance temporarily or entirely when such events occur. Keywords: New Mexico, Force Mature, Long-Form Provision, contract, unforeseeable circumstances, events, contractual obligations, suspend, terminate, performance. There are several types of New Mexico Force Mature — Long-Form Provision, including: 1. Natural disasters: This type of provision covers events such as hurricanes, earthquakes, floods, wildfires, or other natural calamities that make it impossible or impracticable for the parties to perform their obligations. 2. Acts of God: This provision includes events that are beyond human control, such as severe weather conditions, pandemics, epidemics, or other similar phenomena. 3. Government action or regulations: This provision applies when a government agency issues orders, regulations, or imposes restrictions that directly impact the parties' ability to fulfill their contractual obligations. Examples include lockdowns, curfews, trade embargoes, or changes in laws. 4. War or terrorism: In the event of war, armed conflict, terrorism, or any other hostile actions that make it unsafe or impossible for the parties to perform the contract, this provision comes into effect. 5. Labor strikes or disruptions: If a labor strike, lockout, or other labor-related disruptions prevent the parties from performing their obligations, this provision allows for suspension or termination of the contract. 6. Material shortages: When there is an unavailability or shortage of essential raw materials, components, equipment, or resources that are necessary for contract fulfillment, this provision can be invoked. 7. Acts of third parties: This provision covers events caused by unrelated third parties, such as supplier failures, transportation disruptions, or subcontractor delays, which prevent the parties from fulfilling their contractual obligations. It is important to note that the specific terms and conditions of the New Mexico Force Mature — Long-Form Provision may vary depending on individual contracts and the negotiation between the parties involved.
