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 Mississippi Fairer Force Mature Clause is a legal provision that addresses unforeseen circumstances that may prevent either party from fulfilling its contractual obligations. This clause is designed to protect parties from liability or damages caused by events outside their control, often referred to as "force majeure" events. One type of Mississippi Fairer Force Mature Clause is the "Acts of God" clause, which encompasses natural disasters such as hurricanes, floods, earthquakes, or other events beyond human control. This clause recognizes that these events can make it impossible or commercially impracticable for a party to fulfill its obligations. Another type is the "Government Action" clause. This includes situations where government entities impose regulations, orders, or restrictions that hinder the performance of a contract. For example, if a government agency prohibits certain activities due to public health concerns, this clause would provide protection to the affected party. The "Labor Disruption" clause is yet another type of Mississippi Fairer Force Mature Clause, which covers strikes, lockouts, work stoppages, or any other labor-related issues that may prevent the normal execution of a contract. This clause acknowledges that labor disputes are beyond the control of the contracting parties. Additionally, the Mississippi Fairer Force Mature Clause may include other specific events that are relevant to the particular contract or industry. These could include war, terrorism, civil unrest, acts of sabotage, epidemics or pandemics, and other similar occurrences that can significantly disrupt contractual obligations. It is essential to note that the inclusion of a Fairer Force Mature Clause in a contract helps allocate potential risks and uncertainties between the parties involved. This clause may specify the consequences of force majeure events, such as the suspension of obligations, extension of deadlines, or termination of the contract without penalties for either party. In summary, the Mississippi Fairer Force Mature Clause is a legal provision that protects parties from unforeseen events that prevent them from fulfilling their contractual obligations. By clearly defining force majeure events and their consequences, this clause ensures fairness and mitigates potential legal disputes in the face of uncontrollable circumstances.
