Oklahoma Extended Date for Performance

• Category: Contracts - Extensions
• State: Multi-State
• Control #: US-02969BG
• Format: Word; Rich Text

Description

This is basically a modification of the original contract. Modification is written change made to a contract. It may be unilateral in accordance with the changes clause in the contract or bilateral. Modification may introduce or cancel specifications or terms of a contract without effecting the purpose of the contract. Unilateral modifications are changed usually through a modification order and mutually agreed change is made by a supplemental agreement. It is also called contract amendment or modification of a contract. The Oklahoma Extended Date for Performance is a legal provision that allows for the extension of contract performance deadlines under certain circumstances. This provision is relevant in various situations, such as construction contracts, government contracts, or any other contractual agreement where unexpected delays or events may hinder the timely completion of the project. In Oklahoma, the Extended Date for Performance clause typically provides protection for contractors or parties involved in the contract who are facing unforeseen obstacles that prevent them from fulfilling their contractual obligations within the initially agreed-upon timeframe. Such obstacles may include severe weather conditions, natural disasters, labor strikes, delays in material delivery, changes in government regulations, or other significant events beyond the control of the parties involved. The Oklahoma Extended Date for Performance allows an extension of the deadline to complete the project without breaching the terms of the contract. This provision aims to ensure fairness and protect the rights of all parties involved by providing relief from any penalties or liabilities that may arise due to delays beyond their control. Different types of Oklahoma Extended Date for Performance may include: 1. Force Mature Extension: This provision covers events deemed as force majeure, meaning circumstances beyond the control of either party, such as acts of God, terrorism, war, or other unforeseen events. 2. Government Regulation Extension: This allows for an extension of the performance deadline if there are significant changes or delays caused by new government regulations, permits, or licenses required for the project. 3. Material Delivery Delay Extension: In case of delays in the delivery of necessary materials or equipment, this provision provides an extended date for performance to account for such delays. 4. Labor Dispute Extension: If the project is affected by labor strikes or disputes, this clause may be invoked to extend the performance deadline until the dispute is resolved. It's important to note that the terms and conditions of the Oklahoma Extended Date for Performance may vary depending on the specific contract and the intentions of the parties involved. It is crucial to consult with a legal professional to ensure that the provisions accurately reflect the requirements, rights, and responsibilities of all parties while addressing the specific circumstances that may affect contract performance in Oklahoma.

The Oklahoma Extended Date for Performance is a legal provision that allows for the extension of contract performance deadlines under certain circumstances. This provision is relevant in various situations, such as construction contracts, government contracts, or any other contractual agreement where unexpected delays or events may hinder the timely completion of the project. In Oklahoma, the Extended Date for Performance clause typically provides protection for contractors or parties involved in the contract who are facing unforeseen obstacles that prevent them from fulfilling their contractual obligations within the initially agreed-upon timeframe. Such obstacles may include severe weather conditions, natural disasters, labor strikes, delays in material delivery, changes in government regulations, or other significant events beyond the control of the parties involved. The Oklahoma Extended Date for Performance allows an extension of the deadline to complete the project without breaching the terms of the contract. This provision aims to ensure fairness and protect the rights of all parties involved by providing relief from any penalties or liabilities that may arise due to delays beyond their control. Different types of Oklahoma Extended Date for Performance may include: 1. Force Mature Extension: This provision covers events deemed as force majeure, meaning circumstances beyond the control of either party, such as acts of God, terrorism, war, or other unforeseen events. 2. Government Regulation Extension: This allows for an extension of the performance deadline if there are significant changes or delays caused by new government regulations, permits, or licenses required for the project. 3. Material Delivery Delay Extension: In case of delays in the delivery of necessary materials or equipment, this provision provides an extended date for performance to account for such delays. 4. Labor Dispute Extension: If the project is affected by labor strikes or disputes, this clause may be invoked to extend the performance deadline until the dispute is resolved. It's important to note that the terms and conditions of the Oklahoma Extended Date for Performance may vary depending on the specific contract and the intentions of the parties involved. It is crucial to consult with a legal professional to ensure that the provisions accurately reflect the requirements, rights, and responsibilities of all parties while addressing the specific circumstances that may affect contract performance in Oklahoma.