This form provides a model boilerplate Force Majeure clause for contracts based on the Uniform Commercial Code (UCC).
New York Force Mature Provisions, specifically concerning the Uniform Commercial Code (UCC) Model, are legal clauses that address unforeseen events or circumstances beyond the control of contracting parties that may prevent or delay the fulfillment of contractual obligations. These provisions provide protection and guidance to parties involved in a contract in New York, allowing them to allocate risks and liabilities in case of the occurrence of force majeure events. The UCC Model outlined in New York Force Mature Provisions encompasses various types meant to address different scenarios and industries. Some key types of New York Force Mature Provisions found within the UCC Model include: 1. Natural Disaster Force Mature: This provision accounts for events like earthquakes, hurricanes, floods, tornados, and other acts of nature that are beyond human control and have a significant impact on the ability to perform contractual obligations. 2. Labor Disputes Force Mature: This provision covers strikes, lockouts, and other labor-related issues that may hinder or delay the performance of contractual obligations, such as the inability to deliver goods or provide services due to workforce disruptions. 3. Governmental Action Force Mature: This provision addresses situations where governmental actions, such as changes in legislation, regulations, or orders impacting the contract's fulfillment, prevent or inhibit a party from performing its obligations. 4. Acts of Terrorism Force Mature: This provision considers acts of terrorism, including sabotage, vandalism, riots, war, or civil disturbances, which may render the performance of contractual obligations impracticable or unsafe. 5. Pandemic or Epidemic Force Mature: This newly emphasized provision due to recent events, such as the COVID-19 pandemic, specifically addresses the unforeseen circumstances arising from widespread infectious diseases and their impact on the ability to perform contractual obligations. Incorporating New York Force Mature Provisions — The UCC Model into contracts helps provide a comprehensive framework for addressing the potential consequences of force majeure events. It enables parties to negotiate and define terms related to risk allocation, mitigation measures, termination rights, and potential remedies in the event of an unforeseen occurrence. These provisions aim to ensure fairness, clarity, and certainty in contractual relationships while acknowledging the practical limitations that might arise beyond the control of the contracting parties.New York Force Mature Provisions, specifically concerning the Uniform Commercial Code (UCC) Model, are legal clauses that address unforeseen events or circumstances beyond the control of contracting parties that may prevent or delay the fulfillment of contractual obligations. These provisions provide protection and guidance to parties involved in a contract in New York, allowing them to allocate risks and liabilities in case of the occurrence of force majeure events. The UCC Model outlined in New York Force Mature Provisions encompasses various types meant to address different scenarios and industries. Some key types of New York Force Mature Provisions found within the UCC Model include: 1. Natural Disaster Force Mature: This provision accounts for events like earthquakes, hurricanes, floods, tornados, and other acts of nature that are beyond human control and have a significant impact on the ability to perform contractual obligations. 2. Labor Disputes Force Mature: This provision covers strikes, lockouts, and other labor-related issues that may hinder or delay the performance of contractual obligations, such as the inability to deliver goods or provide services due to workforce disruptions. 3. Governmental Action Force Mature: This provision addresses situations where governmental actions, such as changes in legislation, regulations, or orders impacting the contract's fulfillment, prevent or inhibit a party from performing its obligations. 4. Acts of Terrorism Force Mature: This provision considers acts of terrorism, including sabotage, vandalism, riots, war, or civil disturbances, which may render the performance of contractual obligations impracticable or unsafe. 5. Pandemic or Epidemic Force Mature: This newly emphasized provision due to recent events, such as the COVID-19 pandemic, specifically addresses the unforeseen circumstances arising from widespread infectious diseases and their impact on the ability to perform contractual obligations. Incorporating New York Force Mature Provisions — The UCC Model into contracts helps provide a comprehensive framework for addressing the potential consequences of force majeure events. It enables parties to negotiate and define terms related to risk allocation, mitigation measures, termination rights, and potential remedies in the event of an unforeseen occurrence. These provisions aim to ensure fairness, clarity, and certainty in contractual relationships while acknowledging the practical limitations that might arise beyond the control of the contracting parties.
