This office lease clause was negotiated into a lease document for an unusual premises to assure utilization of a broad range of common areas. This states that the tenant and its invitees shall throughout the term of the lease continue to enjoy access and utilization of the common areas on a first come first served basis.
Clause Assuring Utilization of a Broad Range of Common Areas
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State:
Multi-State
Control #:
US-OL9012
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Word;
PDF
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How to fill out Clause Assuring Utilization Of A Broad Range Of Common Areas?
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FAQ
A force majeure clause (1) specifies the events which enable either party to declare a force majeure/act of God event, (2) how a party should notify its counterparty about the occurrence, and (3) the consequences after a force majeure event has occurred.
What is Force Majeure?Examples of events that might trigger a force majeure clause into effect include a declaration of war, a disease epidemic, or a hurricane, earthquake, or other natural disaster events that fall under the legal term, act of God.
An example of an operative clause is: " . 1 Neither party is responsible for any failure to perform its obligations under this contract, if it is prevented or delayed in performing those obligations by an event of force majeure. .
(1) Neither Party shall be in breach of its obligations under this Agreement (other than payment obligations) or incur any liability to the other Party for any losses or damages of any nature whatsoever incurred or suffered by that other (otherwise than under any express indemnity in this Agreement) if and to the
The Commons Clause restricts sales for a product or service whose value derives, entirely or substantially, from the functionality of the Software. While the Commons Clause documentation argues that substantially is a common legal term,10 it nonetheless fails to provide clear guidance on what is allowed or
Obligations of all parties. Ownership. Termination rights. Confidentiality. Limitation/indemnification of liability.
