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 New Jersey Fairer Force Mature Clause refers to a provision in contracts that addresses unforeseen events or circumstances that may prevent one or both parties from fulfilling their contractual obligations. A force majeure event is an event beyond the control of the parties, such as a natural disaster, war, pandemic, or government action, which makes it impossible or impracticable to fulfill contractual obligations. In New Jersey, the Fairer Force Mature Clause aims to ensure a fair and equitable allocation of risks between the parties involved. This clause provides protection for both the party seeking to rely on the force majeure event and the party affected by it, taking into account the principles of fairness and reasonableness. The New Jersey Fairer Force Mature Clause typically outlines the definition of force majeure events, specifies the duties and obligations of the parties in the event of such occurrence, and sets forth the procedures and requirements for invoking the clause. It may also include provisions regarding notice requirements, mitigation efforts, and the temporary suspension or termination of the contract during the force majeure event. It is important to note that there are different types of New Jersey Fairer Force Mature Clauses that can vary depending on the specific context and needs of the parties involved. Some common types include: 1. Narrow Force Mature Clause: This type restricts the list of force majeure events to specific events explicitly mentioned in the clause. Parties can negotiate and include only events that they deem to be truly unforeseeable or beyond their control. 2. Broad Force Mature Clause: In contrast to the narrow clause, this type includes a broader range of force majeure events without limitations. It provides more flexibility by encompassing a wider range of unforeseen circumstances and events that may impact the performance of the contract. 3. Pandemic or Epidemic Specific Clause: This type of clause specifically addresses the impact of pandemics or epidemics on the contract. It may outline additional measures, responsibilities, or consequences related to such events, considering the unique nature and implications of a pandemic or epidemic. 4. Government Action Clause: As government actions can significantly affect contractual performance, this type of clause focuses on events resulting from government acts, regulations, or orders. It may delineate specific procedures or obligations if the performance of a contract is hindered by such actions. The New Jersey Fairer Force Mature Clause is designed to balance the interests of both parties in situations where unforeseen events disrupt the ability to fulfill contractual obligations. It provides a framework for addressing these events while ensuring fairness and equitable allocation of risks.
