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 Oklahoma Fairer Force Mature Clause is a legal provision that is commonly included in contracts to allocate risks and responsibilities between parties in the occurrence of unforeseen or uncontrollable events, called force majeure events. These events are typically beyond the control of the parties involved and may include natural disasters, acts of God, wars, strikes, pandemics, and other similar events. The purpose of the Oklahoma Fairer Force Mature Clause is to fairly distribute the consequences and risks associated with the force majeure events. It provides clarity and protection to both parties involved, ensuring that neither party is unfairly burdened or disadvantaged due to external events beyond their control. The Oklahoma Fairer Force Mature Clause typically includes several elements. Firstly, it identifies the force majeure events that are covered, which may include specific examples like earthquakes, floods, or government regulations. Additionally, it may contain a catch-all provision to encompass any unforeseeable events not explicitly mentioned. Another key aspect of the Oklahoma Fairer Force Mature Clause is the requirement to give notice. It typically stipulates that the party affected by the force majeure event must provide prompt written notice to the other party, outlining the event and its impact on the performance of the contract. This allows for transparency and communication between the parties. Moreover, the Oklahoma Fairer Force Mature Clause often outlines the consequences and obligations triggered by the force majeure event. It may provide for a temporary suspension of contractual obligations or the extension of deadlines for performance until the force majeure event subsides. Different types of force majeure clauses may exist within the realm of Oklahoma law. Some contracts may include an Absolute Force Mature Clause, which relieves the parties from fulfilling their obligations entirely when a force majeure event occurs. On the other hand, a Partial Force Mature Clause may only suspend or delay certain obligations, allowing the unaffected parts of the contract to continue uninterrupted. In conclusion, the Oklahoma Fairer Force Mature Clause is a vital provision in contracts to address unforeseeable events that may disrupt the performance of obligations. It provides a fair and balanced approach to allocate risks and responsibilities between parties, ensuring that neither party is unfairly burdened while considering the specific circumstances in Oklahoma.
