Oil And Gas Lease Forms Force Majeure Clause
Description
How to fill out Revivor Of Oil And Gas Lease Where Oil And Gas Lease Has Terminated Or Expired?
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FAQ
Force majeure examplesWar, riots, earthquakes, hurricanes, lightning, and explosions, for example, are force majeure events. The term also includes energy blackouts, unexpected legislation, lockouts, slowdowns, and strikes.
Including these points should ensure your force majeure notice will constitute valid notice under your contract.Identify the force majeure event.Explain how the force majeure event impacts performance.Identify the relief the force majeure notice seeks.Include adequate assurances.Do not limit rights.More items...?
Examples of events that might trigger a force majeure clause into effect include a declaration of war, a disease epidemic, or a hurricane, earthquake, or other natural disaster events that fall under the legal term, act of God.
Force majeure events are usually defined as certain acts, events or circumstances beyond the control of the parties, for example, natural disasters or the outbreak of hostilities.
Neither Party will be liable for any failure or delay in performing an obligation under this Agreement that is due to any of the following causes (which causes are hereinafter referred to as Force Majeure), to the extent beyond its reasonable control: acts of God, accident, riots, war, terrorist act, epidemic,
