This office lease form states the tenants obligations to pay rent and perform all the covenants and agreements of the lease even when the landlord is unable to perform obligations under the lease as a result of any natural causalities.
The New York Standard Force Mature Clause is a legal provision commonly included in contracts to address unforeseen events or circumstances that may prevent one or both parties from fulfilling their contractual obligations. Also known as the "New York Force Mature Clause," it provides a safeguard against liability for breaches caused by events beyond the control of the contracting parties. This standardized clause is typically used in contracts governed by New York law and follows a well-established format, recognized and accepted by courts in the state. It allows parties to allocate risk in the event of events such as natural disasters, acts of god, government actions, wars, terrorist attacks, epidemics, strikes, and other unforeseeable occurrences that could impair performance. The New York Standard Force Mature Clause is carefully constructed to specify what qualifies as a force majeure event, determine the impact it has on contractual obligations, and outline the steps parties should take during such circumstances. While the specific language may vary depending on the contract, typical elements found in the clause include: 1. Definition of Force Mature Events: The clause enumerates the types of events or circumstances that constitute force majeure. These are often listed as an exhaustive or non-exhaustive list to ensure clarity and prevent ambiguity. 2. Impacted Obligations: It identifies which contractual obligations will be affected by a force majeure event. This could range from a temporary suspension or delay in performance to a complete discharge of obligations. 3. Notification and Mitigation: The clause generally requires the party affected by a force majeure event to provide timely notice to the other party, detailing the event, its impact, and the anticipated duration. It may also include a duty to mitigate or minimize losses resulting from the event. 4. Timeframe and Termination: The clause may define a timeframe within which the force majeure event must persist before the party seeking relief can terminate the contract. It often sets limits on the duration of force majeure events before parties may seek alternative remedies. 5. Allocation of Risk: The clause addresses the allocation of risk between the parties during force majeure events by specifying which party bears the associated costs, the ability to suspend or extend deadlines, and the obligation to resume performance once the event concludes. It is important to note that while the New York Standard Force Mature Clause serves as a foundation for addressing unforeseen events, parties are not bound to adopt it verbatim. As contracts are negotiable, parties may modify the clause's provisions or come up with alternative versions tailored to suit their specific needs or industry requirements. In addition to the general New York Standard Force Mature Clause described above, there may be variations or additional types of force majeure clauses in certain contracts. These can include "Specific Events Clauses," which specifically list unique events relevant to a particular industry or circumstances, or "Non-Exhaustive Clauses," which provide examples of force majeure events without limiting them to an exclusive list. These alternatives aim to address uncertainties arising from unique risks or events that may not fall squarely within the typical force majeure scope.
The New York Standard Force Mature Clause is a legal provision commonly included in contracts to address unforeseen events or circumstances that may prevent one or both parties from fulfilling their contractual obligations. Also known as the "New York Force Mature Clause," it provides a safeguard against liability for breaches caused by events beyond the control of the contracting parties. This standardized clause is typically used in contracts governed by New York law and follows a well-established format, recognized and accepted by courts in the state. It allows parties to allocate risk in the event of events such as natural disasters, acts of god, government actions, wars, terrorist attacks, epidemics, strikes, and other unforeseeable occurrences that could impair performance. The New York Standard Force Mature Clause is carefully constructed to specify what qualifies as a force majeure event, determine the impact it has on contractual obligations, and outline the steps parties should take during such circumstances. While the specific language may vary depending on the contract, typical elements found in the clause include: 1. Definition of Force Mature Events: The clause enumerates the types of events or circumstances that constitute force majeure. These are often listed as an exhaustive or non-exhaustive list to ensure clarity and prevent ambiguity. 2. Impacted Obligations: It identifies which contractual obligations will be affected by a force majeure event. This could range from a temporary suspension or delay in performance to a complete discharge of obligations. 3. Notification and Mitigation: The clause generally requires the party affected by a force majeure event to provide timely notice to the other party, detailing the event, its impact, and the anticipated duration. It may also include a duty to mitigate or minimize losses resulting from the event. 4. Timeframe and Termination: The clause may define a timeframe within which the force majeure event must persist before the party seeking relief can terminate the contract. It often sets limits on the duration of force majeure events before parties may seek alternative remedies. 5. Allocation of Risk: The clause addresses the allocation of risk between the parties during force majeure events by specifying which party bears the associated costs, the ability to suspend or extend deadlines, and the obligation to resume performance once the event concludes. It is important to note that while the New York Standard Force Mature Clause serves as a foundation for addressing unforeseen events, parties are not bound to adopt it verbatim. As contracts are negotiable, parties may modify the clause's provisions or come up with alternative versions tailored to suit their specific needs or industry requirements. In addition to the general New York Standard Force Mature Clause described above, there may be variations or additional types of force majeure clauses in certain contracts. These can include "Specific Events Clauses," which specifically list unique events relevant to a particular industry or circumstances, or "Non-Exhaustive Clauses," which provide examples of force majeure events without limiting them to an exclusive list. These alternatives aim to address uncertainties arising from unique risks or events that may not fall squarely within the typical force majeure scope.
