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 North Carolina Fairer Force Mature Clause is a contractual provision that addresses unforeseen circumstances or events beyond the control of the parties involved in a contract, allowing for the temporary suspension or termination of contractual obligations without penalty or liability. This clause is particularly relevant in situations where a party's ability to fulfill its obligations becomes impossible or impracticable due to events such as natural disasters, acts of God, war, labor strikes, or government actions. The inclusion of a Fairer Force Mature Clause in a contract provides protection and flexibility to the parties involved, ensuring that they are not held responsible for circumstances that are beyond their control. However, it is essential to utilize this clause judiciously, as its misuse or misinterpretation may lead to legal disputes. In North Carolina, different types of Fairer Force Mature Clauses may exist to address specific scenarios, including: 1. Natural Disaster Clause: This type of clause specifically covers events caused by natural disasters, such as hurricanes, floods, earthquakes, or wildfires. It allows for the suspension of contractual obligations until the situation stabilizes, ensuring fair treatment for both parties. 2. Pandemic or Epidemic Clause: In light of the recent COVID-19 pandemic, parties may consider including a pandemic or epidemic-specific clause. This clause would enable the suspension or modification of contract terms in the event of a widespread disease outbreak, ensuring fairness and preventing undue hardship on either party. 3. Government Action Clause: This clause pertains to situations where government actions, such as regulatory changes, trade restrictions, or declarations of emergency, significantly impact a party's ability to fulfill contractual obligations. It allows for the temporary suspension or termination of the contract until the government measures are lifted or resolved. 4. Labor Strike or Lockout Clause: This type of clause accounts for labor-related disruptions, such as strikes or lockouts, that may render the fulfillment of contract terms impracticable. It permits the parties to suspend or modify their obligations until labor issues are resolved, ensuring fairness in such circumstances. 5. Acts of God Clause: This is the broadest type of Fairer Force Mature Clause, encompassing unforeseeable events beyond human control, such as acts of God (e.g., earthquakes, hurricanes, tornadoes), wars, or terrorist attacks. It provides the contractual parties' relief from performance during these events to prevent invoking heavy penalties or liabilities. In summary, the North Carolina Fairer Force Mature Clause is an essential contractual provision that safeguards parties from unforeseen events that hinder contract performance. By incorporating specific clauses tailored to varied scenarios, such as natural disasters, pandemics, government actions, labor strikes, or acts of God, parties can ensure fair treatment and mitigate potential legal disputes.
