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.
Virgin Islands Force Mature refers to a legal concept that applies in the Virgin Islands, which is a group of islands located in the Caribbean. Force Mature, derived from French, translates to "superior force" or "unforeseeable circumstances" and is commonly found in contractual agreements. In the context of the Virgin Islands, Force Mature is used to describe events or circumstances that are beyond the control of parties involved in a contractual agreement, making it impossible or significantly difficult for them to fulfill their obligations. These events are typically unforeseeable, unavoidable, and outside the realm of human control. When a Force Mature event occurs, it may provide protection to the non-performing party from being held responsible or liable for any delays or failure to perform according to the terms of the contract. There are various types of Force Mature events that can be recognized in the Virgin Islands, including: 1. Natural Disasters: This category encompasses events such as hurricanes, earthquakes, floods, or volcanic eruptions that can cause severe property damage, disruptions in transportation and communication, and potentially pose a threat to human life. 2. Acts of God: This includes extraordinary events that are beyond human control, often related to weather phenomena like lightning strikes, tornadoes, or tsunamis. 3. Government Actions: Force Mature can also apply when actions or decisions taken by governmental authorities substantially hinder a party’s ability to perform its contractual obligations. These actions may include changes in legislation, imposition of trade embargoes, or political unrest leading to the declaration of martial law. 4. War or Civil Unrest: In situations where armed conflict, widespread riots, or social upheaval occurs, Force Mature provisions may be relevant. These events can greatly affect businesses and disrupt supply chains, making contract performance impossible or impracticable. 5. Epidemics and Pandemics: The outbreak of infectious diseases, as witnessed with the COVID-19 pandemic, can invoke Force Mature provisions due to their widespread impact on public health, travel restrictions, lockdown measures, and disruptions to business operations. It is important to note that the specific terms and conditions related to Force Mature may vary from one contractual agreement to another. Typically, the agreement should explicitly include Force Mature provisions detailing the specific events considered force majeure, the duration in which performance is excused, and the steps parties must follow to invoke Force Mature. In conclusion, Virgin Islands Force Mature is a legal concept that protects parties from liability when unforeseen, uncontrollable events hinder their ability to fulfill contractual obligations in the Virgin Islands. The various types of Force Mature mentioned, including natural disasters, acts of God, government actions, war or civil unrest, and epidemics/pandemics, highlight the breadth of events that can trigger these provisions.Virgin Islands Force Mature refers to a legal concept that applies in the Virgin Islands, which is a group of islands located in the Caribbean. Force Mature, derived from French, translates to "superior force" or "unforeseeable circumstances" and is commonly found in contractual agreements. In the context of the Virgin Islands, Force Mature is used to describe events or circumstances that are beyond the control of parties involved in a contractual agreement, making it impossible or significantly difficult for them to fulfill their obligations. These events are typically unforeseeable, unavoidable, and outside the realm of human control. When a Force Mature event occurs, it may provide protection to the non-performing party from being held responsible or liable for any delays or failure to perform according to the terms of the contract. There are various types of Force Mature events that can be recognized in the Virgin Islands, including: 1. Natural Disasters: This category encompasses events such as hurricanes, earthquakes, floods, or volcanic eruptions that can cause severe property damage, disruptions in transportation and communication, and potentially pose a threat to human life. 2. Acts of God: This includes extraordinary events that are beyond human control, often related to weather phenomena like lightning strikes, tornadoes, or tsunamis. 3. Government Actions: Force Mature can also apply when actions or decisions taken by governmental authorities substantially hinder a party’s ability to perform its contractual obligations. These actions may include changes in legislation, imposition of trade embargoes, or political unrest leading to the declaration of martial law. 4. War or Civil Unrest: In situations where armed conflict, widespread riots, or social upheaval occurs, Force Mature provisions may be relevant. These events can greatly affect businesses and disrupt supply chains, making contract performance impossible or impracticable. 5. Epidemics and Pandemics: The outbreak of infectious diseases, as witnessed with the COVID-19 pandemic, can invoke Force Mature provisions due to their widespread impact on public health, travel restrictions, lockdown measures, and disruptions to business operations. It is important to note that the specific terms and conditions related to Force Mature may vary from one contractual agreement to another. Typically, the agreement should explicitly include Force Mature provisions detailing the specific events considered force majeure, the duration in which performance is excused, and the steps parties must follow to invoke Force Mature. In conclusion, Virgin Islands Force Mature is a legal concept that protects parties from liability when unforeseen, uncontrollable events hinder their ability to fulfill contractual obligations in the Virgin Islands. The various types of Force Mature mentioned, including natural disasters, acts of God, government actions, war or civil unrest, and epidemics/pandemics, highlight the breadth of events that can trigger these provisions.
