Pima Arizona Extended Date for Performance

• Category: Contracts - Extensions
• State: Multi-State
• County: Pima
• Control #: US-02969BG
• Format: Word; Rich Text

Description

This is basically a modification of the original contract. Modification is written change made to a contract. It may be unilateral in accordance with the changes clause in the contract or bilateral. Modification may introduce or cancel specifications or terms of a contract without effecting the purpose of the contract. Unilateral modifications are changed usually through a modification order and mutually agreed change is made by a supplemental agreement. It is also called contract amendment or modification of a contract. Lima Arizona Extended Date for Performance refers to a specific provision in contracts or agreements that allows for an extension of the originally specified deadline for completing a performance or delivering goods or services. This provision is commonly seen in various business contracts, construction agreements, real estate transactions, and government contracts in Lima, Arizona, to provide flexibility and account for unforeseen circumstances. In Lima, Arizona, the Extended Date for Performance provision comes into play when circumstances arise that are beyond the control of the party responsible for completing the performance within the initially agreed timeframe. These circumstances can include extreme weather conditions, natural disasters, delays in obtaining permits or licenses, labor strikes, material shortages, or any other events considered as force majeure. By incorporating an Extended Date for Performance clause in the contractual agreement, parties can ensure fairness, protect against breach of contract claims, and maintain a cooperative working relationship. This provision allows for a reasonable adjustment to the timeframe, preventing unnecessary litigation and facilitating resolution of any disputes that may arise due to the delay. Different types of Lima Arizona Extended Date for Performance provisions can vary based on the specific industry or contract. Examples may include: 1. Construction Contracts: These may include provisions that allow for extensions in cases where weather conditions hinder progress or delays occur in obtaining necessary permits or inspections. 2. Real Estate Transactions: Extended Date for Performance clauses in real estate contracts may account for reasonable delays caused by the need for additional approvals, municipality requirements, or financing-related issues. 3. Government Contracts: These agreements often incorporate Extended Date for Performance provisions to consider unforeseen delays caused by changes in legislation, funding availability, or modifications in project scope. 4. Business Contracts: Contracts between businesses may include Extended Date for Performance clauses to accommodate delays stemming from manufacturing interruptions, supply chain disruptions, or other unforeseen events impacting the timely delivery of goods or services. In conclusion, in Lima, Arizona, the Extended Date for Performance provision is a critical element in contracts that accommodate unforeseen circumstances that may hinder timely performance. By incorporating such a provision, parties can ensure fairness, maintain goodwill, and provide flexibility in adhering to contractual obligations despite unexpected events.

Lima Arizona Extended Date for Performance refers to a specific provision in contracts or agreements that allows for an extension of the originally specified deadline for completing a performance or delivering goods or services. This provision is commonly seen in various business contracts, construction agreements, real estate transactions, and government contracts in Lima, Arizona, to provide flexibility and account for unforeseen circumstances. In Lima, Arizona, the Extended Date for Performance provision comes into play when circumstances arise that are beyond the control of the party responsible for completing the performance within the initially agreed timeframe. These circumstances can include extreme weather conditions, natural disasters, delays in obtaining permits or licenses, labor strikes, material shortages, or any other events considered as force majeure. By incorporating an Extended Date for Performance clause in the contractual agreement, parties can ensure fairness, protect against breach of contract claims, and maintain a cooperative working relationship. This provision allows for a reasonable adjustment to the timeframe, preventing unnecessary litigation and facilitating resolution of any disputes that may arise due to the delay. Different types of Lima Arizona Extended Date for Performance provisions can vary based on the specific industry or contract. Examples may include: 1. Construction Contracts: These may include provisions that allow for extensions in cases where weather conditions hinder progress or delays occur in obtaining necessary permits or inspections. 2. Real Estate Transactions: Extended Date for Performance clauses in real estate contracts may account for reasonable delays caused by the need for additional approvals, municipality requirements, or financing-related issues. 3. Government Contracts: These agreements often incorporate Extended Date for Performance provisions to consider unforeseen delays caused by changes in legislation, funding availability, or modifications in project scope. 4. Business Contracts: Contracts between businesses may include Extended Date for Performance clauses to accommodate delays stemming from manufacturing interruptions, supply chain disruptions, or other unforeseen events impacting the timely delivery of goods or services. In conclusion, in Lima, Arizona, the Extended Date for Performance provision is a critical element in contracts that accommodate unforeseen circumstances that may hinder timely performance. By incorporating such a provision, parties can ensure fairness, maintain goodwill, and provide flexibility in adhering to contractual obligations despite unexpected events.