This office lease clause is the long form for dealing with the destruction of the premises and the conditions and obligations of the landlord to restore and accommodate the tenants.
South Dakota Destruction Clause Long Form refers to a legal provision commonly included in contracts or agreements that address the consequences and obligations of parties involved in the event of a disastrous event or widespread destruction in South Dakota, a state located in the Midwestern region of the United States. This clause outlines the rights, duties, and protections of all parties when unforeseen circumstances, such as natural disasters, civil unrest, or acts of terrorism, result in the destruction or significant impairment of property or assets within the state. Keywords: South Dakota, destruction clause, long form, legal provision, contracts, agreements, disastrous event, widespread destruction, consequences, obligations, parties, rights, duties, protections, unforeseen circumstances, natural disasters, civil unrest, acts of terrorism, destruction, impairment, property, assets. Different Types of South Dakota Destruction Clause Long Form: 1. Property Damage Destruction Clause: This type of destruction clause outlines the steps that must be taken if the subject property is damaged or destroyed due to a specified event or cause. It usually encompasses issues related to insurance coverage, repair or rebuilding procedures, allocation of costs, and termination or modification of the agreement based on the severity of the damage. 2. Termination Destruction Clause: This clause focuses on the circumstances where the destruction or impairment of the property is so extensive that it renders the original purpose of the agreement impossible to fulfill. It explains the rights of involved parties to terminate the contract and outlines the process for resolving any remaining obligations, such as reimbursement or compensation. 3. Force Mature Destruction Clause: This type of destruction clause is invoked during catastrophic events or circumstances beyond the control of parties that result in the destruction or significant impairment of property. It typically provides protection from liability for non-performance or delay in performance due to circumstances like earthquakes, floods, fires, wars, or government actions, allowing parties to suspend or terminate the agreement without penalty. 4. Allocation of Risk Destruction Clause: This clause addresses the allocation of risk and responsibilities among parties in the event of destruction or impairment of property. It determines who bears the financial burdens, whether it is the property owner, the contracting party, or their respective insurers, and specifies the extent of liability and indemnification obligations. These different types of South Dakota Destruction Clause Long Form serve to protect the interests and outline the rights and obligations of parties involved in contracts or agreements in the face of unexpected or catastrophic events impacting property or assets within the state.
South Dakota Destruction Clause Long Form refers to a legal provision commonly included in contracts or agreements that address the consequences and obligations of parties involved in the event of a disastrous event or widespread destruction in South Dakota, a state located in the Midwestern region of the United States. This clause outlines the rights, duties, and protections of all parties when unforeseen circumstances, such as natural disasters, civil unrest, or acts of terrorism, result in the destruction or significant impairment of property or assets within the state. Keywords: South Dakota, destruction clause, long form, legal provision, contracts, agreements, disastrous event, widespread destruction, consequences, obligations, parties, rights, duties, protections, unforeseen circumstances, natural disasters, civil unrest, acts of terrorism, destruction, impairment, property, assets. Different Types of South Dakota Destruction Clause Long Form: 1. Property Damage Destruction Clause: This type of destruction clause outlines the steps that must be taken if the subject property is damaged or destroyed due to a specified event or cause. It usually encompasses issues related to insurance coverage, repair or rebuilding procedures, allocation of costs, and termination or modification of the agreement based on the severity of the damage. 2. Termination Destruction Clause: This clause focuses on the circumstances where the destruction or impairment of the property is so extensive that it renders the original purpose of the agreement impossible to fulfill. It explains the rights of involved parties to terminate the contract and outlines the process for resolving any remaining obligations, such as reimbursement or compensation. 3. Force Mature Destruction Clause: This type of destruction clause is invoked during catastrophic events or circumstances beyond the control of parties that result in the destruction or significant impairment of property. It typically provides protection from liability for non-performance or delay in performance due to circumstances like earthquakes, floods, fires, wars, or government actions, allowing parties to suspend or terminate the agreement without penalty. 4. Allocation of Risk Destruction Clause: This clause addresses the allocation of risk and responsibilities among parties in the event of destruction or impairment of property. It determines who bears the financial burdens, whether it is the property owner, the contracting party, or their respective insurers, and specifies the extent of liability and indemnification obligations. These different types of South Dakota Destruction Clause Long Form serve to protect the interests and outline the rights and obligations of parties involved in contracts or agreements in the face of unexpected or catastrophic events impacting property or assets within the state.
