Phoenix Arizona Standard Force Majeure Clause

State:
Multi-State
City:
Phoenix
Control #:
US-OL1102A2A
Format:
Word; 
PDF
Instant download

Description

This office lease form states the tenants obligations to pay rent and perform all the covenants and agreements of the lease even when the landlord is unable to perform obligations under the lease as a result of any natural causalities.

The Phoenix Arizona Standard Force Mature Clause is a legal provision that addresses unforeseen circumstances or events beyond the control of parties involved, which may prevent them from fulfilling their contractual obligations. This clause provides protection to both parties by allowing them to suspend or terminate their obligations without being held liable for any resulting damages or breaches. Some relevant keywords to describe the Phoenix Arizona Standard Force Mature Clause are: 1. Contractual provision: The Phoenix Arizona Standard Force Mature Clause is a provision included in contracts to account for unforeseen events. 2. Unforeseen circumstances: The clause applies to events that were not anticipated or could not have been reasonably foreseen at the time of contract formation. 3. Events beyond control: The clause addresses events that are outside the control of the parties, such as natural disasters, acts of God, war, terrorism, labor disputes, government actions or regulations, etc. 4. Suspension of obligations: The clause allows parties to suspend their obligations temporarily during the occurrence of force majeure events, relieving them from any liability until the situation is resolved. 5. Termination of obligations: In some cases, the clause may allow parties to terminate their contractual obligations entirely if force majeure events persist for an extended period, making performance impossible or commercially impracticable. 6. Allocation of risks: The clause ensures that the risks associated with unforeseen events are fairly distributed between the contracting parties. Different types of Phoenix Arizona Standard Force Mature Clauses may include: 1. Comprehensive clause: This type of clause provides an extensive list of specific force majeure events that are covered, leaving minimal room for interpretation. 2. General clause: A more general clause may outline force majeure events in broader terms, allowing for a wider range of unforeseen circumstances. 3. Specific clause: Contracts may sometimes include a specific and tailored force majeure clause that defines the events unique to the industry or circumstances in which the contract is applicable. 4. Limited clause: Some clauses may have limitations, such as excluding certain force majeure events or placing caps on the duration of the relief provided. It is important to note that the exact specifications and types of force majeure clauses can vary depending on the specific contract, industry, and legal jurisdiction. Therefore, it is advisable to consult legal professionals or review the specific clauses included in contracts when considering the Phoenix Arizona Standard Force Mature Clause.

The Phoenix Arizona Standard Force Mature Clause is a legal provision that addresses unforeseen circumstances or events beyond the control of parties involved, which may prevent them from fulfilling their contractual obligations. This clause provides protection to both parties by allowing them to suspend or terminate their obligations without being held liable for any resulting damages or breaches. Some relevant keywords to describe the Phoenix Arizona Standard Force Mature Clause are: 1. Contractual provision: The Phoenix Arizona Standard Force Mature Clause is a provision included in contracts to account for unforeseen events. 2. Unforeseen circumstances: The clause applies to events that were not anticipated or could not have been reasonably foreseen at the time of contract formation. 3. Events beyond control: The clause addresses events that are outside the control of the parties, such as natural disasters, acts of God, war, terrorism, labor disputes, government actions or regulations, etc. 4. Suspension of obligations: The clause allows parties to suspend their obligations temporarily during the occurrence of force majeure events, relieving them from any liability until the situation is resolved. 5. Termination of obligations: In some cases, the clause may allow parties to terminate their contractual obligations entirely if force majeure events persist for an extended period, making performance impossible or commercially impracticable. 6. Allocation of risks: The clause ensures that the risks associated with unforeseen events are fairly distributed between the contracting parties. Different types of Phoenix Arizona Standard Force Mature Clauses may include: 1. Comprehensive clause: This type of clause provides an extensive list of specific force majeure events that are covered, leaving minimal room for interpretation. 2. General clause: A more general clause may outline force majeure events in broader terms, allowing for a wider range of unforeseen circumstances. 3. Specific clause: Contracts may sometimes include a specific and tailored force majeure clause that defines the events unique to the industry or circumstances in which the contract is applicable. 4. Limited clause: Some clauses may have limitations, such as excluding certain force majeure events or placing caps on the duration of the relief provided. It is important to note that the exact specifications and types of force majeure clauses can vary depending on the specific contract, industry, and legal jurisdiction. Therefore, it is advisable to consult legal professionals or review the specific clauses included in contracts when considering the Phoenix Arizona Standard Force Mature Clause.

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Phoenix Arizona Standard Force Majeure Clause