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.
A fairer Force Mature Clause in Wake, North Carolina is a legal provision that aims to ensure a just and equitable outcome for parties involved in a contract when an unforeseeable event or circumstance, known as a force majeure event, prevents the fulfillment of contractual obligations. This clause is designed to protect both parties from liability or breach of contract in situations where external factors beyond their control make performance impossible or impracticable. In the Wake, North Carolina jurisdiction, several types of fairer Force Mature Clauses may exist, each with its own specific attributes depending on the nature of the contract and the parties involved. Some of these variations are outlined below: 1. Broad Force Mature Clause: This type of clause is inclusive, covering a wide range of events such as natural disasters, acts of war, government actions, labor strikes, and any other circumstances beyond the control of the parties that make performance of the contract impossible or unduly burdensome. 2. Specific Force Mature Clause: Unlike the broad clause, this type of clause specifically enumerates certain events or circumstances that constitute force majeure, providing a more limited scope of protection. Examples can include events like earthquakes, floods, pandemics, or terrorist attacks. 3. Partial Force Mature Clause: In some cases, contracts may contain a partial Force Mature Clause which apologizes for the impossibility or delay in performance of only a section or portion of the contractual obligations. This ensures that parties are only excused from performance to the extent affected by the force majeure event. 4. Mandatory Notice Clause: Wake, North Carolina Fairer Force Mature Clauses may also require parties to provide written notice of the force majeure event within a specified timeframe. This provision allows both parties to assess the impact of the event and potentially mitigate any damages. 5. Renegotiation Clause: Some contracts include a renegotiation clause that ensures parties must come to the table and discuss potential modifications to the contract or seek alternative solutions, such as adjusting timelines, assigning responsibilities, or reevaluating pricing, in light of the force majeure event. 6. Application of Force Mature Clause: Wake, North Carolina Fairer Force Mature Clauses may specify the conditions under which this provision can be invoked, including factors like the duration of the force majeure event, the availability of alternative means to fulfill the contract, or the degree of economic hardship caused by non-performance. In summary, a Wake, North Carolina Fairer Force Mature Clause is a contractual term that safeguards parties involved in a contract from the consequences of unforeseeable events. Whether the clause is broad, specific, partial, necessitates notice, entails renegotiation, or outlines the application conditions, its purpose remains to provide a fair and equitable resolution in cases where performance is hindered due to circumstances beyond the control of the parties.A fairer Force Mature Clause in Wake, North Carolina is a legal provision that aims to ensure a just and equitable outcome for parties involved in a contract when an unforeseeable event or circumstance, known as a force majeure event, prevents the fulfillment of contractual obligations. This clause is designed to protect both parties from liability or breach of contract in situations where external factors beyond their control make performance impossible or impracticable. In the Wake, North Carolina jurisdiction, several types of fairer Force Mature Clauses may exist, each with its own specific attributes depending on the nature of the contract and the parties involved. Some of these variations are outlined below: 1. Broad Force Mature Clause: This type of clause is inclusive, covering a wide range of events such as natural disasters, acts of war, government actions, labor strikes, and any other circumstances beyond the control of the parties that make performance of the contract impossible or unduly burdensome. 2. Specific Force Mature Clause: Unlike the broad clause, this type of clause specifically enumerates certain events or circumstances that constitute force majeure, providing a more limited scope of protection. Examples can include events like earthquakes, floods, pandemics, or terrorist attacks. 3. Partial Force Mature Clause: In some cases, contracts may contain a partial Force Mature Clause which apologizes for the impossibility or delay in performance of only a section or portion of the contractual obligations. This ensures that parties are only excused from performance to the extent affected by the force majeure event. 4. Mandatory Notice Clause: Wake, North Carolina Fairer Force Mature Clauses may also require parties to provide written notice of the force majeure event within a specified timeframe. This provision allows both parties to assess the impact of the event and potentially mitigate any damages. 5. Renegotiation Clause: Some contracts include a renegotiation clause that ensures parties must come to the table and discuss potential modifications to the contract or seek alternative solutions, such as adjusting timelines, assigning responsibilities, or reevaluating pricing, in light of the force majeure event. 6. Application of Force Mature Clause: Wake, North Carolina Fairer Force Mature Clauses may specify the conditions under which this provision can be invoked, including factors like the duration of the force majeure event, the availability of alternative means to fulfill the contract, or the degree of economic hardship caused by non-performance. In summary, a Wake, North Carolina Fairer Force Mature Clause is a contractual term that safeguards parties involved in a contract from the consequences of unforeseeable events. Whether the clause is broad, specific, partial, necessitates notice, entails renegotiation, or outlines the application conditions, its purpose remains to provide a fair and equitable resolution in cases where performance is hindered due to circumstances beyond the control of the parties.
