Puerto Rico Standard Force Majeure Clause

State:
Multi-State
Control #:
US-OL1102A2A
Format:
Word; 
PDF
Instant download

Description

This office lease form states the tenants obligations to pay rent and perform all the covenants and agreements of the lease even when the landlord is unable to perform obligations under the lease as a result of any natural causalities.

Puerto Rico Standard Force Mature Clause is a contractual provision often included in agreements within the legal jurisdiction of Puerto Rico. This clause provides protection to parties by defining and addressing unforeseen and uncontrollable circumstances that may hinder or prevent the fulfillment of contractual obligations. By including this clause, parties can allocate the risks associated with such events and determine the appropriate course of action to be taken in case of their occurrence. Keywords: Puerto Rico, Standard Force Mature Clause, contractual provision, unforeseen circumstances, uncontrollable circumstances, fulfillment of contractual obligations, risks, course of action There may be various types or variations of Puerto Rico Standard Force Mature Clauses that parties can consider while drafting their agreements. Some specific types include: 1. Natural Disaster Clause: This variation of the clause covers events such as hurricanes, earthquakes, floods, or other similar calamities that are considered as "acts of God" and are beyond human control. Parties may negotiate the specific terms and conditions related to such events. Example: In the event that a hurricane strikes Puerto Rico, causing disruptions in transportation and communication systems for an extended period, both parties agree that the contractual obligations will be temporarily suspended until the situation normalizes. 2. Government Action Clause: This type of clause pertains to instances where a government authority takes actions that directly impact the ability to perform contractual obligations. This may include legislation changes, regulatory actions, or orders from government agencies. Example: If a government-imposed lockdown is enforced, preventing the operation of non-essential businesses due to a health emergency, both parties agree that the obligations under this agreement will be suspended until the government lifts the restrictions. 3. Labor Disruption Clause: This variation addresses situations where labor strikes, lockouts, or other labor disputes hinder or prevent the fulfillment of contractual obligations. It provides a mechanism for parties to handle such situations and potentially extend deadlines or find alternative solutions. Example: In case of a labor strike at the main production facility, both parties agree that the performance of this agreement will be put on hold until the strike is resolved, without any party incurring penalties or liabilities. It is essential for parties involved in Puerto Rico to carefully consider and tailor the Standard Force Mature Clause to their specific circumstances and needs. Consulting with legal professionals experienced in Puerto Rican law can provide accurate guidance in drafting and including the most suitable force majeure clause in their agreements.

How to fill out Standard Force Majeure Clause?

If you want to complete, download, or print out lawful file web templates, use US Legal Forms, the largest selection of lawful forms, which can be found online. Make use of the site`s simple and convenient lookup to discover the documents you want. Various web templates for company and individual uses are categorized by categories and states, or keywords and phrases. Use US Legal Forms to discover the Puerto Rico Standard Force Majeure Clause within a few click throughs.

Should you be currently a US Legal Forms customer, log in for your accounts and then click the Acquire option to obtain the Puerto Rico Standard Force Majeure Clause. You can also gain access to forms you in the past acquired from the My Forms tab of your accounts.

If you use US Legal Forms initially, follow the instructions beneath:

  • Step 1. Make sure you have selected the form for your appropriate metropolis/nation.
  • Step 2. Make use of the Preview option to look over the form`s articles. Do not neglect to see the information.
  • Step 3. Should you be not happy with the form, use the Research industry on top of the screen to locate other models in the lawful form template.
  • Step 4. Once you have identified the form you want, click the Purchase now option. Opt for the prices plan you favor and add your accreditations to register on an accounts.
  • Step 5. Method the deal. You can use your charge card or PayPal accounts to finish the deal.
  • Step 6. Choose the file format in the lawful form and download it on your own system.
  • Step 7. Full, modify and print out or indicator the Puerto Rico Standard Force Majeure Clause.

Each and every lawful file template you purchase is your own property eternally. You might have acces to every single form you acquired with your acccount. Select the My Forms area and decide on a form to print out or download again.

Be competitive and download, and print out the Puerto Rico Standard Force Majeure Clause with US Legal Forms. There are millions of professional and state-distinct forms you may use for your personal company or individual requires.

Form popularity

FAQ

Force majeure is used to describe any event that is unexpected by parties to a contract, not caused by any party, and affects the relationship between them. Its use can limit the ability of either party's duty to perform or require a party to intrude on a privilege of the other.

Each Party agrees to give the other Party prompt written notice of the occurrence of any Force Majeure Event, the nature thereof, and the extent to which the affected Party will be unable fully to perform its obligations hereunder.

Generally speaking, an act of God includes acts of nature only. Force majeure, meanwhile, includes both acts of nature and extraordinary circumstances due to human intervention. Examples of force majeure include an outbreak of a contagious disease, government lockdowns, or war.

Typical force majeure events include natural disasters (fire, storms, floods), governmental or societal actions (war, invasion, civil unrest, labor strikes), and infrastructure failures (transportation, energy).

What are the three elements of force majeure? In general, for an event to trigger a force majeure clause, it must be unforeseeable, external to the parties of the contract, and serious enough that it renders it impossible for the party to perform its contractual obligations.

Neither party will be liable for inadequate performance to the extent caused by a condition (for example, natural disaster, act of war or terrorism, riot, labor condition, governmental action, and Internet disturbance) that was beyond the party's reasonable control.

Force majeure is a French term that literally means ?greater force.? It is related to the concept of an act of God, an event for which no party can be held accountable, such as a hurricane or a tornado. However, force majeure also encompasses human actions, such as armed conflict.

There are generally three essential elements to force majeure: ? tt can occur with or without human intervention ? it cannot have reasonably been foreseen by the parties ? It was completely beyond the parties' control and they could not have prevented its consequences.

Interesting Questions

More info

May 15, 2020 — Many contracts include a force majeure clause that alters the parties' obligations when a qualifying extraordinary event or circumstance beyond ... Mar 24, 2020 — STEP 1: · STEP 2: What is the standard of performance? · STEP 3: When must notice be given? · STEP 4: Are there requirements for the form of notice ...May 12, 2020 — ... a “force majeure” clause included in contracts for Puerto Rico operations. ... File Auto-Certification and Adopt COVID-19 Exposure Control Plans ... The first sample clause includes epidemics and pandemics and includes the Covid-19 pandemic within the scope of force majeure events. The second sample clause ... Mar 16, 2020 — As outlined in the March 3 Memorandum, force majeure clauses excuse a party's nonperformance under a contract when extraordinary events prevent ... In Puerto Rico, the concept of force majeure is codified in the statutory law, and the analysis focuses in large part on foreseeability. Under the common ... Apr 8, 2020 — that the force majeure clause captures the claimed event.18. C. Is the Reduction in Market Prices Caused by Russia-Saudi Arabia Price War a. ... a Force Majeure has occurred shall be on the party claiming the Force Majeure. ARTICLE 11: Suspension of Payment. If Contractor fails in completing the work ... Contractor agrees to hold PREPA harmless and to indemnify and defend PREPA in full for any and all damages, claims, assessments, penalties, liabilities, charges ... Apr 13, 2020 — We first consider cases where the contract explicitly contains a force majeure clause that covers an event, such as a “pandemic.” Force majeure ...

Trusted and secure by over 3 million people of the world’s leading companies

Puerto Rico Standard Force Majeure Clause