This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
New Mexico Force Mature refers to a legal concept that is recognized and enforced in the state of New Mexico, United States. It is a clause typically included in contracts to protect parties from non-performance or delays due to unforeseen events or circumstances beyond their control. Force majeure events are usually uncontrollable and unavoidable, making it impossible to fulfill contractual obligations. In New Mexico, there are no specific statutes or laws explicitly governing force majeure, hence the enforceability and interpretation of such clauses may vary based on the terms of the agreement and the specific circumstances of the case. However, this does not diminish the importance of including a force majeure provision in contracts, as it provides a reasonable level of protection to parties against unforeseen events that render performance impossible or impracticable. Keywords: New Mexico, Force Mature, legal concept, contracts, non-performance, delays, unforeseen events, circumstances, beyond control, clause, contractual obligations, uncontrollable, unavoidable, enforceability, interpretation, terms of agreement, circumstances of the case, protection, impossible, impracticable. Different types of New Mexico Force Mature clauses can be categorized based on the extent of events or circumstances covered. Here are a few commonly recognized types: 1. Natural Disasters: This type of force majeure covers events such as earthquakes, floods, hurricanes, wildfires, or severe weather conditions that may render performance impossible or impracticable. 2. Acts of God: Force majeure clauses may include Acts of God, referring to natural events beyond human control, such as epidemics, pandemics, plagues, or other similar events that disrupt normal functioning. 3. Government Actions: Some clauses can specify force majeure events caused by governmental actions, including changes in regulations, laws, or executive orders that directly impact the contract's execution or performance. 4. War or Terrorism: Force majeure provisions might address events caused by war, acts of terrorism, civil unrest, or other hostilities that make fulfilling contractual obligations impracticable. It is crucial to carefully consider and define the types of force majeure events suitable for the specific nature of the agreement to ensure clarity and fairness for all parties involved. Professional legal advice should be sought when drafting force majeure clauses to guarantee their validity and enforceability under New Mexico law.
