Connecticut Extended Date for Performance

• Category: Contracts - Extensions
• State: Multi-State
• Control #: US-02969BG
• Format: Word; Rich Text

Description

This is basically a modification of the original contract. Modification is written change made to a contract. It may be unilateral in accordance with the changes clause in the contract or bilateral. Modification may introduce or cancel specifications or terms of a contract without effecting the purpose of the contract. Unilateral modifications are changed usually through a modification order and mutually agreed change is made by a supplemental agreement. It is also called contract amendment or modification of a contract.

Connecticut Extended Date for Performance is a statutory provision that allows for an extension of the deadline for certain contractual obligations or performances beyond what was originally agreed upon. This extension can be granted in various situations where unforeseen events or circumstances arise, making it difficult or impossible for a party to fulfill their obligations on time. Under Connecticut law, there are different types of Extended Date for Performance, each catering to specific situations: 1. Force Mature: This type of extended date for performance applies when an event outside the control of the parties occurs, such as natural disasters, acts of terrorism, or strikes. It recognizes that such events can impede the timely completion of contractual obligations and allows for an extension of the performance deadline. 2. Governmental Actions: In certain cases, government actions can significantly affect a party's ability to perform their contractual obligations on time. Examples of such actions include changes in legislation, permits, or regulatory requirements. The Extended Date for Performance provision can be invoked to accommodate these situations. 3. Material Adverse Change: This type of extended date for performance addresses cases where a significant change occurs after the contract's agreement, which dramatically impacts the party's ability to fulfill their obligations. This may include financial setbacks, market fluctuations, or a substantial reduction in available resources. 4. Labor Disputes: When labor disputes or strikes occur, it can disrupt the efficient completion of contractual obligations. The Extended Date for Performance provision can grant an extension in these situations, recognizing the impact that such disputes can have on timely performance. 5. Acts of God: Also known as an "act of nature," this type of extended date for performance covers events that are entirely beyond human control, such as earthquakes, hurricanes, or floods. It acknowledges that the occurrence of these events can render contracts unfulfillable and allows for an extension of the performance deadline. It is important to note that the availability and applicability of the Connecticut Extended Date for Performance provisions depend on the specific circumstances outlined in the contract, as well as any additional terms or conditions that have been mutually agreed upon by the parties involved. Parties should review and understand their contractual rights and obligations to determine if an extension under the provision is justified and permissible.