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.
Tennessee Force Mature refers to a legal concept that can protect parties from liability or the inability to fulfill contractual obligations due to circumstances beyond their control in the state of Tennessee. In simple terms, it is a provision included in contracts to handle unforeseen or uncontrollable events that could impact the parties' ability to perform their obligations. Force Mature events are generally events that are considered "acts of God" or natural disasters, such as hurricanes, earthquakes, floods, or other extreme weather conditions. However, in Tennessee, the concept of Force Mature can also encompass man-made disasters or events beyond an individual or entity's reasonable control, including riots, strikes, terrorist attacks, war, government actions, or acts of public enemy. The types of Tennessee Force Mature can vary depending on the specific contract or situation. Some common types include: 1. Natural Disasters: This includes events such as hurricanes, tornadoes, floods, wildfires, or earthquakes that occur unexpectedly and disrupt the normal course of business operations. 2. Pandemics or Epidemics: Events like the COVID-19 pandemic fall under this category, where widespread outbreaks of diseases or viruses can significantly impact the ability to perform contractual obligations. 3. Government Actions: This type of Force Mature refers to situations where government authorities take actions that directly affect the parties' ability to perform their contractual obligations. This can include orders, regulations, or restrictions imposed by government agencies or bodies. 4. Labor Disruptions: This category includes strikes, lockouts, or other labor-related issues that prevent parties from fulfilling their contractual obligations due to a loss of workforce or disruptions in production. 5. Acts of Terrorism or War: Events like acts of terrorism, war, civil unrest, or military actions that directly impact the parties' ability to perform their contractual obligations fall under this type of Tennessee Force Mature. It's crucial to note that the specifics of the Force Mature clause, including the events or circumstances covered, vary from contract to contract. Therefore, it is essential to carefully read and understand the Force Mature provision in any given agreement to ascertain the exact scope and applicability. Consulting a legal professional specializing in contract law is highly recommended for a comprehensive understanding of Tennessee Force Mature and its implications.
