This office lease form states that this lease and the obligations of the parties to perform their obligations under this lease shall be suspended and excused in the event that party is prevented or delayed in performing its obligations due to a natural calamity. Nothing under this provision shall require the tenant to waive its rights to cancel this lease under constructive or actual constructive eviction or by law.
The Virginia Fairer Force Mature Clause is a legal provision commonly found in contracts that protects parties from the consequences of unforeseeable events or circumstances beyond their control, often referred to as "force majeure" events. This clause allows the parties to suspend or excuse performance under the contract if such events occur, providing some flexibility and fairness in challenging times. In Virginia, like many other jurisdictions, force majeure clauses are not explicitly defined by law but rather interpreted based on their specific language within contracts. A Virginia Fairer Force Mature Clause aims to balance the rights and obligations of both parties during force majeure events, ensuring fair treatment and equitable outcomes. Here are a few essential keywords to understand the Virginia Fairer Force Mature Clause: 1. Force Mature Event: Refers to an unpredictable event that is beyond the control of the parties involved, making performance of the contract impossible or impractical. Common examples include natural disasters, war, terrorism, epidemics, government actions, labor strikes, etc. 2. Suspension of Performance: Allows the affected party to temporarily halt performance obligations, such as delivering goods or services, until the force majeure event subsides. The clause ensures that neither party is unfairly penalized for events beyond their control. 3. Excuse of Performance: In some cases, force majeure events may make it permanently impossible for a party to fulfill its contractual obligations. In such instances, the party may seek to be excused from performance entirely, avoiding any potential liability. 4. Mitigation: The Virginia Fairer Force Mature Clause often emphasizes the duty of both parties to mitigate or minimize the impact of force majeure events. This may include taking reasonable steps to reduce harm, explore alternative solutions, or provide prompt notice to the other party. Types of Virginia Fairer Force Mature Clauses: 1. Broad Force Mature Clause: This type of clause includes an extensive list of force majeure events and potentially covers a wide range of unforeseen circumstances that could affect contract performance. 2. Specific Force Mature Clause: In contrast to the broad clause, a specific force majeure clause explicitly lists a limited number of events that would be considered force majeure. This clause provides more certainty but may overlook certain unforeseen events. 3. "Act of God" Clause: Sometimes included within a Virginia Fairer Force Mature Clause, an "Act of God" clause specifically acknowledges force majeure events caused by natural disasters, such as hurricanes, earthquakes, floods, etc. It is important to note that the specific terms and language of the Virginia Fairer Force Mature Clause will vary depending on the nature of the contract and the intentions of the contracting parties. Consultation with legal professionals is advisable when drafting or interpreting force majeure clauses.The Virginia Fairer Force Mature Clause is a legal provision commonly found in contracts that protects parties from the consequences of unforeseeable events or circumstances beyond their control, often referred to as "force majeure" events. This clause allows the parties to suspend or excuse performance under the contract if such events occur, providing some flexibility and fairness in challenging times. In Virginia, like many other jurisdictions, force majeure clauses are not explicitly defined by law but rather interpreted based on their specific language within contracts. A Virginia Fairer Force Mature Clause aims to balance the rights and obligations of both parties during force majeure events, ensuring fair treatment and equitable outcomes. Here are a few essential keywords to understand the Virginia Fairer Force Mature Clause: 1. Force Mature Event: Refers to an unpredictable event that is beyond the control of the parties involved, making performance of the contract impossible or impractical. Common examples include natural disasters, war, terrorism, epidemics, government actions, labor strikes, etc. 2. Suspension of Performance: Allows the affected party to temporarily halt performance obligations, such as delivering goods or services, until the force majeure event subsides. The clause ensures that neither party is unfairly penalized for events beyond their control. 3. Excuse of Performance: In some cases, force majeure events may make it permanently impossible for a party to fulfill its contractual obligations. In such instances, the party may seek to be excused from performance entirely, avoiding any potential liability. 4. Mitigation: The Virginia Fairer Force Mature Clause often emphasizes the duty of both parties to mitigate or minimize the impact of force majeure events. This may include taking reasonable steps to reduce harm, explore alternative solutions, or provide prompt notice to the other party. Types of Virginia Fairer Force Mature Clauses: 1. Broad Force Mature Clause: This type of clause includes an extensive list of force majeure events and potentially covers a wide range of unforeseen circumstances that could affect contract performance. 2. Specific Force Mature Clause: In contrast to the broad clause, a specific force majeure clause explicitly lists a limited number of events that would be considered force majeure. This clause provides more certainty but may overlook certain unforeseen events. 3. "Act of God" Clause: Sometimes included within a Virginia Fairer Force Mature Clause, an "Act of God" clause specifically acknowledges force majeure events caused by natural disasters, such as hurricanes, earthquakes, floods, etc. It is important to note that the specific terms and language of the Virginia Fairer Force Mature Clause will vary depending on the nature of the contract and the intentions of the contracting parties. Consultation with legal professionals is advisable when drafting or interpreting force majeure clauses.
