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 New York Force Mature — Long-Form Provision is a legal clause that is often included in contracts to address unforeseen events or circumstances beyond the control of the parties involved. It essentially allows for the suspension or termination of contractual obligations when such events occur, rendering performance impracticable or impossible. In New York, the Force Mature provision is typically used to protect parties from liability or breach of contract when events like natural disasters, wars, terrorism, government actions, or other uncontrollable occurrences prevent them from fulfilling their contractual obligations. This provision explicitly outlines the types of events that qualify as force majeure, ensuring clear communication and mutual understanding between the parties. While the specific wording may vary, some commonly included events in the New York Force Mature — Long-Form Provision are: 1. Acts of God: Events caused by natural forces beyond human control, such as hurricanes, earthquakes, floods, or wildfires. 2. War or Acts of Terrorism: Armed conflicts, hostilities, or acts of terrorism that disrupt normal business operations. 3. Government Actions: Regulations, laws, or orders imposed by governmental authorities that directly impact the contract's performance. These could include emergency measures, quarantines, or travel restrictions. 4. Labor Disputes or Strikes: Strikes, labor actions, or other forms of work stoppages that affect the ability to carry out contractual obligations. 5. Epidemics or Pandemics: Widespread outbreaks of infectious diseases that disrupt normal business operations and restrict individuals' movement or gathering. 6. Supply Chain Disruptions: Unexpected disruptions in the supply chain, such as transportation delays, manufacturing shutdowns, or material shortages. It is important to note that these examples are not exhaustive, and the specific events that constitute force majeure can vary depending on the contract and the parties involved. Additionally, it is crucial to define timeframes and conditions under which the force majeure provision can be triggered, the notice requirements, and the potential remedies available to the affected party, such as suspension of performance, termination, or extensions of deadlines. Overall, the New York Force Mature — Long-Form Provision provides contractual protection against unforeseen circumstances that may hinder or prevent the fulfillment of contractual obligations, allowing parties to allocate risks and safeguard their interests during challenging times.
