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 Arkansas Fairer Force Mature Clause refers to a provision included in contracts to address unforeseeable events that may hinder the performance or completion of contractual obligations. This clause allows parties to be relieved from their obligations or provides for an alternative course of action when such events occur. In Arkansas, like in many jurisdictions, force majeure clauses are designed to allocate the risks associated with unexpected events that are beyond the control of the parties involved. These events can include natural disasters (such as hurricanes, earthquakes, or floods), acts of terrorism, wars, pandemics, government actions, strikes, or other events deemed force majeure. The inclusion of the Arkansas Fairer Force Mature Clause in contracts aims to ensure fairness and protection for both parties involved. This clause specifies the conditions under which the force majeure provision can be invoked and its consequences. It typically requires the affected party to provide notice within a stipulated timeframe, outlining the event and its impact on their ability to perform the contract. The Arkansas Fairer Force Mature Clause may also outline the remedies available to both parties. These can include the suspension of obligations until the event has passed, extension of contract timelines, termination rights, or the option to renegotiate the terms of the contract based on the circumstances. The specific remedies will depend on the terms negotiated between the parties. It's important to note that force majeure clauses can vary in wording and scope, as they are often tailored to suit the specific needs of the contracting parties and the nature of the agreement. Some common types of force majeure clauses include: 1. Narrow Force Mature Clause: This clause lists specific events that qualify as force majeure and relieve the parties from their contractual obligations. It may provide a detailed list of events such as natural disasters or government actions. 2. Broad Force Mature Clause: A broader clause may use general language to encompass any event beyond the reasonable control of the parties, providing greater flexibility in responding to unforeseen circumstances. This allows parties to invoke force majeure for events not explicitly listed. 3. Temporary Suspension Clause: Certain force majeure clauses may allow for temporary suspension of obligations during the occurrence of the force majeure event. This clause ensures that parties are not held in default for the duration of the event, resuming performance once it has passed. In the context of Arkansas, the Fairer Force Mature Clause is intended to foster fairness and balance between parties in contracts, ensuring that unforeseen events do not disproportionately burden either party. Its inclusion encourages parties to negotiate terms that protect their interests while accounting for uncontrollable events that may disrupt contract fulfillment.
