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.
Texas Force Mature is a legal concept that pertains to unforeseen events or circumstances that may prevent the fulfillment of contractual obligations. In essence, it is a clause included in contracts to address and allocate risks arising from extraordinary events that are beyond the control of parties involved. The term "Force Mature" itself is a French term that translates to "superior force" or "act of God." In Texas, the Force Mature clause is particularly important as it helps protect parties from liability when they are unable to perform their contractual duties due to events such as natural disasters, political instability, terrorism, labor strikes, or other unforeseeable circumstances. A key aspect of Texas Force Mature is that it must be explicitly defined and specified in the contractual agreement, outlining the types of events that qualify as force majeure events. This clarity ensures that all parties are aware of the circumstances under which the clause can be invoked. Different types of Texas Force Mature can include: 1. Natural disasters: This includes events such as hurricanes, tornadoes, earthquakes, floods, wildfires, and severe storms that are beyond human control and can significantly impede contract performance. 2. Government actions: Force majeure can be invoked if government authorities, regulatory agencies, or legislative bodies establish restrictions, prohibitions, or enact laws that prevent parties from carrying out their contractual obligations. 3. Acts of terrorism or civil unrest: In the event of terrorist activities or civil uprisings that make it impracticable or unsafe to fulfill contractual obligations, Force Mature can be utilized. 4. Labor strikes or disputes: When strikes, lockouts, or other labor disputes arise, causing disruptions to normal business operations, invoking the Force Mature clause can alleviate contractual liabilities. 5. Pandemics or epidemics: Events like the COVID-19 pandemic can trigger Force Mature if they make it impossible or commercially impracticable for parties to perform their contractual obligations. It is important to note that Force Mature clauses can vary from contract to contract. Therefore, it is crucial for parties to provide clear definitions of what constitutes a force majeure event and the specific steps to be undertaken to address the impact of such events on the contract. Additionally, parties should carefully consider the applicable laws and regulations in Texas to ensure that the Force Mature clause is aligned with local legal requirements.
