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.
Virginia Force Mature, also known as an "Act of God" clause, is a legal provision that addresses unforeseen events or circumstances that are beyond the control of parties involved in a contract, preventing them from fulfilling their contractual obligations. It serves as a defense to liability when a party is unable to perform due to an event or circumstance outside their control. In Virginia, Force Mature includes various types of events or circumstances, which can be classified into the following categories: 1. Natural Disasters: This includes events such as hurricanes, earthquakes, floods, wildfires, tornadoes, and severe storms. These unpredictable and uncontrollable natural events can impede the ability of parties to perform their contractual duties. 2. Government Actions: Force Mature can also arise from government actions that prevent or restrict parties from fulfilling their contractual obligations. Examples include war, terrorism, changes in law or regulations, embargoes, trade restrictions, or executive orders. 3. Labor Disruptions: Strikes, labor disputes, or lockouts may also be considered Force Mature events. If these events directly affect a party's ability to perform its contractual duties, they may be eligible for relief under the Force Mature clause. 4. Power or Utility Failures: Events such as power outages, utility failures, or supply disruptions can fall under Force Mature. If these events hinder a party's ability to fulfill its contractual obligations, they could invoke the clause for relief from liability. 5. Epidemics or Pandemics: With the recent global health crisis caused by COVID-19, epidemics or pandemics have become significant Force Mature events. The outbreak of an infectious disease can severely impact businesses and individuals, triggering the invocation of the Force Mature clause. A Force Mature clause in a contract typically requires the party affected by the event to provide notice within a specified time frame, mitigate the effects, and resume performance as soon as the event subsides. Failure to comply with these requirements may lead to a waiver of the right to claim Force Mature. It is important to note that the applicability of Force Mature and the specific events covered may vary depending on the contractual language and interpretation. Therefore, it is crucial for parties to carefully review and negotiate the terms of the Force Mature clause to ensure it aligns with their specific needs and circumstances in Virginia.Virginia Force Mature, also known as an "Act of God" clause, is a legal provision that addresses unforeseen events or circumstances that are beyond the control of parties involved in a contract, preventing them from fulfilling their contractual obligations. It serves as a defense to liability when a party is unable to perform due to an event or circumstance outside their control. In Virginia, Force Mature includes various types of events or circumstances, which can be classified into the following categories: 1. Natural Disasters: This includes events such as hurricanes, earthquakes, floods, wildfires, tornadoes, and severe storms. These unpredictable and uncontrollable natural events can impede the ability of parties to perform their contractual duties. 2. Government Actions: Force Mature can also arise from government actions that prevent or restrict parties from fulfilling their contractual obligations. Examples include war, terrorism, changes in law or regulations, embargoes, trade restrictions, or executive orders. 3. Labor Disruptions: Strikes, labor disputes, or lockouts may also be considered Force Mature events. If these events directly affect a party's ability to perform its contractual duties, they may be eligible for relief under the Force Mature clause. 4. Power or Utility Failures: Events such as power outages, utility failures, or supply disruptions can fall under Force Mature. If these events hinder a party's ability to fulfill its contractual obligations, they could invoke the clause for relief from liability. 5. Epidemics or Pandemics: With the recent global health crisis caused by COVID-19, epidemics or pandemics have become significant Force Mature events. The outbreak of an infectious disease can severely impact businesses and individuals, triggering the invocation of the Force Mature clause. A Force Mature clause in a contract typically requires the party affected by the event to provide notice within a specified time frame, mitigate the effects, and resume performance as soon as the event subsides. Failure to comply with these requirements may lead to a waiver of the right to claim Force Mature. It is important to note that the applicability of Force Mature and the specific events covered may vary depending on the contractual language and interpretation. Therefore, it is crucial for parties to carefully review and negotiate the terms of the Force Mature clause to ensure it aligns with their specific needs and circumstances in Virginia.
