This form brings together several boilerplate Force Majeure contract clauses that work together to outline the definition, effect, remedies, and procedures applicable under a contract agreement as a result of a Force Majeure event.
The Kentucky Force Mature — Long-Form Provision is a legal clause included in contracts to address unforeseen and uncontrollable events that can prevent or delay the performance of contractual obligations. This provision is drafted specifically for contracts governed by Kentucky law and is designed to protect parties from liability in situations beyond their control. A force majeure event refers to an extraordinary circumstance or event that is beyond the control of the contracting parties and makes it either impossible or impractical to fulfill contractual obligations. Common examples of force majeure events include natural disasters, acts of God, war, acts of terrorism, government actions, labor disputes, and epidemics. The Kentucky Force Mature — Long-Form Provision typically includes a detailed definition of force majeure events, clearly outlining the specific events that are deemed to qualify as force majeure under the contract. This helps establish a common understanding between the parties regarding what events will trigger the provision. In addition to defining force majeure events, the provision may also outline the procedures and requirements that must be followed by the affected party in the event of a force majeure. This can include notification requirements, obligations to mitigate damages, and the possibility of suspension or termination of the contract. It is important to note that not all force majeure clauses are the same. There may be different variations of the Kentucky Force Mature — Long-Form Provision depending on the specific needs of the parties or the nature of the contractual relationship. Some possible variations may include: 1. Standard Force Mature Provision: This is a basic provision that defines force majeure events and outlines the general obligations of the parties in case of such events. 2. Broad Force Mature Provision: This provision expands the scope of force majeure events beyond the typical examples and includes additional events that may be specific to the industry or the parties involved. 3. Specific Force Mature Provision: This provision may be tailored to address particular risks or events that are unique to the contract or the industry. For example, in a construction contract, force majeure events may include delays caused by permits or unforeseen site conditions. In conclusion, the Kentucky Force Mature — Long-Form Provision is a carefully crafted legal clause that protects parties from liability in situations where the performance of contractual obligations is hindered or impossible due to unforeseen events beyond their control. The provision helps establish a framework for dealing with force majeure events and can vary depending on the specific needs and circumstances of the contract.
