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 Maricopa Arizona Fairer Force Mature Clause is a legal provision that aims to provide equitable protection to parties involved in contracts in Maricopa, Arizona, during unforeseeable and uncontrollable events that may hinder contractual obligations. This clause recognizes and addresses the impact of force majeure events, such as natural disasters, wars, pandemics, and government actions, which are beyond the control of either party and can hinder their ability to fulfill contractual obligations. The Maricopa Arizona Fairer Force Mature Clause ensures that both parties are treated fairly in situations where performance becomes impracticable or impossible due to force majeure events. It provides a mechanism for parties to negotiate and determine their rights, obligations, and potential remedies during such circumstances. The clause is primarily included in contracts to allocate risks and determine the consequences of force majeure events when they occur. In Maricopa, Arizona, different types of Fairer Force Mature Clauses can be used, depending on the specific requirements of the contracting parties. Some common types include: 1. Narrowly Defined Force Mature Clause: This type of clause outlines specific events or circumstances that would qualify as force majeure events. It clearly defines the scope of events that can trigger the clause and excuses the affected party from performance during such events. 2. Broadly Defined Force Mature Clause: In contrast to the narrowly defined clause, the broadly defined Fairer Force Mature Clause encompasses a broader range of events that can trigger its activation. It may include generic terms like acts of God, acts of government, or any other event beyond the reasonable control of the parties. 3. Mandatory Notice Requirement Clause: This type of clause imposes an obligation on both parties to provide timely notice to each other when a force majeure event occurs or is anticipated. The notice enables parties to understand the impact and plan accordingly. 4. Force Mature Termination Clause: This clause allows parties to terminate the contract if a force majeure event continues for an extended period, rendering performance impossible or commercially impracticable. It specifies the conditions for termination and the resulting obligations of both parties. 5. Compensation or Alternative Performance Clause: This type of clause addresses the financial consequences of a force majeure event. It may require the non-performing party to compensate the affected party for losses suffered or suggest alternative methods or timeframes for performance. Overall, the Maricopa Arizona Fairer Force Mature Clause is a crucial element in contracts, ensuring fairness and equitable treatment for both parties during unprecedented events. By defining the scope, rights, and potential remedies, this clause provides clarity and protection against unforeseen circumstances, fostering a more secure contractual environment in Maricopa, Arizona.The Maricopa Arizona Fairer Force Mature Clause is a legal provision that aims to provide equitable protection to parties involved in contracts in Maricopa, Arizona, during unforeseeable and uncontrollable events that may hinder contractual obligations. This clause recognizes and addresses the impact of force majeure events, such as natural disasters, wars, pandemics, and government actions, which are beyond the control of either party and can hinder their ability to fulfill contractual obligations. The Maricopa Arizona Fairer Force Mature Clause ensures that both parties are treated fairly in situations where performance becomes impracticable or impossible due to force majeure events. It provides a mechanism for parties to negotiate and determine their rights, obligations, and potential remedies during such circumstances. The clause is primarily included in contracts to allocate risks and determine the consequences of force majeure events when they occur. In Maricopa, Arizona, different types of Fairer Force Mature Clauses can be used, depending on the specific requirements of the contracting parties. Some common types include: 1. Narrowly Defined Force Mature Clause: This type of clause outlines specific events or circumstances that would qualify as force majeure events. It clearly defines the scope of events that can trigger the clause and excuses the affected party from performance during such events. 2. Broadly Defined Force Mature Clause: In contrast to the narrowly defined clause, the broadly defined Fairer Force Mature Clause encompasses a broader range of events that can trigger its activation. It may include generic terms like acts of God, acts of government, or any other event beyond the reasonable control of the parties. 3. Mandatory Notice Requirement Clause: This type of clause imposes an obligation on both parties to provide timely notice to each other when a force majeure event occurs or is anticipated. The notice enables parties to understand the impact and plan accordingly. 4. Force Mature Termination Clause: This clause allows parties to terminate the contract if a force majeure event continues for an extended period, rendering performance impossible or commercially impracticable. It specifies the conditions for termination and the resulting obligations of both parties. 5. Compensation or Alternative Performance Clause: This type of clause addresses the financial consequences of a force majeure event. It may require the non-performing party to compensate the affected party for losses suffered or suggest alternative methods or timeframes for performance. Overall, the Maricopa Arizona Fairer Force Mature Clause is a crucial element in contracts, ensuring fairness and equitable treatment for both parties during unprecedented events. By defining the scope, rights, and potential remedies, this clause provides clarity and protection against unforeseen circumstances, fostering a more secure contractual environment in Maricopa, Arizona.
