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 Arkansas Standard Force Mature Clause is a contractual provision that serves to address and protect parties from unforeseen events or circumstances that may prevent them from fulfilling their obligations under the contract. This clause is commonly included in various types of agreements, such as leases, construction contracts, supply contracts, and service agreements. Keywords: Arkansas, Standard Force Mature Clause, contractual provision, unforeseen events, circumstances, obligations, contract, leases, construction contracts, supply contracts, service agreements. The Arkansas Standard Force Mature Clause acknowledges that certain events beyond the control of the parties, often referred to as "Acts of God," can disrupt or impede the ability to perform contractual obligations. These events typically include natural disasters such as hurricanes, earthquakes, floods, or severe weather conditions, as well as other uncontrollable occurrences like war, terrorism, government actions, strikes, and pandemics. The inclusion of a force majeure clause in a contract allows both parties to adjust their obligations and liabilities in light of such events. In Arkansas, there is no specific statutory definition of a standard force majeure clause. However, the clause typically outlines the criteria that must be met for it to be invoked. These criteria often include the occurrence of an unforeseen event or circumstance, the direct impact of the event on the party's ability to perform, and the absence of reasonable alternatives to fulfill the obligations affected by the force majeure event. The Arkansas Standard Force Mature Clause may vary in its wording and application depending on the specific contract and industry. For instance, in a lease agreement, the clause may allow the tenant or landlord to be excused from fulfilling their obligations, such as payment of rent or maintenance, in the event of a force majeure event that renders the property unusable or uninhabitable. In construction contracts, the clause might address delays or inability to complete projects due to force majeure events beyond the control of contractors or suppliers, such as material shortages, labor strikes, or government interventions. Similarly, supply contracts may invoke the force majeure clause to address interruptions or non-delivery of goods or services caused by events like transportation disruptions, manufacturing failures, or regulatory changes. Service agreements, such as those between a provider and client, may also include a force majeure clause to protect both parties in situations where unexpected events prevent the delivery or receipt of services, such as power outages, technology failures, or widespread emergencies. It is essential for parties entering into contracts in Arkansas to carefully review and understand the force majeure clause included in their agreements. As there is no specific standard force majeure clause defined by Arkansas law, parties should consult legal counsel to customize the clause according to their specific needs, risks, and the industry in which they operate.
