This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
Oregon Force Mature is a legal term used in the state of Oregon to describe unforeseeable circumstances or events that can prevent parties from fulfilling their contractual obligations. These events are beyond the control of the parties involved and cannot be mitigated through reasonable efforts. The term "force majeure" is derived from French, meaning "superior force." In Oregon, there are different types of Force Mature that can excuse or postpone contractual obligations. Some of these variations may include: 1. Natural Disasters: Natural disasters like earthquakes, floods, wildfires, storms, or other extreme weather conditions can trigger a Force Mature event. These events are typically beyond human control, making performance impossible or impractical. 2. Acts of God: Acts of God encompass unpredictable events caused by natural forces, such as hurricanes, tsunamis, or volcanic eruptions. These events are considered Force Mature because they are unforeseeable and unpreventable. 3. Government Actions: If the government imposes restrictions or regulations that directly affect contractual obligations, it can qualify as a Force Mature event. Such instances could include changes in laws, regulations, or executive orders that restrict business operations or transportation. 4. Labor Strikes: Labor strikes or similar collective actions that make it impossible for parties to fulfill their obligations can also be considered a form of Force Mature. These strikes typically involve a significant portion of the workforce, disrupting normal business operations. 5. Utility Failures: Force Mature can be invoked when failures of essential utilities occur, such as power outages, gas supply disruptions, or telecommunication breakdowns. These events can hinder the capacity to perform obligations as intended. It is crucial to note that the inclusion of Force Mature clauses in contracts is vital to account for these unforeseen circumstances, as it allows parties to avoid liability for non-performance during these events. The specific terms and conditions of the Force Mature clause should be carefully outlined in the contract to define which events qualify as Force Mature and how they will impact contractual obligations. Overall, Oregon Force Mature provides legal protection to parties who are unable to perform their contractual duties due to unforeseen and uncontrollable events. By understanding these different types of Force Mature, individuals and businesses can better navigate through unpredictable circumstances and ensure fair treatment during force majeure situations.
