Puerto Rico Fairer Force Majeure Clause

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Multi-State
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US-OL1102A2B
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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.

Puerto Rico Fairer Force Mature Clause: A Comprehensive Overview The Puerto Rico Fairer Force Mature Clause is a legal provision included in contracts to address unforeseen circumstances or events that prevent the parties from fulfilling their contractual obligations. This clause aims to protect both parties by providing relief and potentially altering the terms of the contract when such events occur. Keywords: Puerto Rico, Fairer Force Mature Clause, legal provision, contracts, unforeseen circumstances, fulfillment, relief, contractual obligations. In Puerto Rico, there are three primary types of Fairer Force Mature Clauses commonly used: 1. Traditional Force Mature Clause: This type of clause typically covers events beyond the control of the parties, including but not limited to natural disasters (hurricanes, earthquakes), pandemics, acts of war and terrorism, government regulations, and labor strikes. The traditional clause might stipulate that the affected party is excused from performance or entitled to an extended timeline for fulfilling its obligations. 2. Specific Force Mature Clause: This type of clause is narrower in scope and explicitly lists specific events or circumstances that would trigger the activation of the clause. These could include events like hurricanes, earthquakes, flooding, or government-issued curfews. The specific force majeure clause enables the parties to evaluate risks more precisely but may require periodic revisions to keep up with emerging events. 3. Fairer Force Mature Clause: Unique to Puerto Rico, this type of clause goes beyond the traditional force majeure definition and standard practices. It takes into account the local economic and social context, aiming to mitigate the potentially disproportionate impact on the affected party. The fairer force majeure clause includes provisions for equitable adjustments in the contract terms, such as adjustments to pricing, flexible delivery schedules, or alternative performance options. The Puerto Rico Fairer Force Mature Clause promotes fairness and balance by addressing the challenges that specific industries or stakeholders may face during force majeure events. It considers the unique circumstances of Puerto Rico's geographical location, susceptibility to natural disasters, and economic vulnerabilities. By incorporating this clause into contracts, parties can negotiate terms that effectively protect their interests while acknowledging the need for flexibility during unpredictable events. In conclusion, the Puerto Rico Fairer Force Mature Clause is a legally significant provision that allows parties to adapt to unforeseen circumstances. By naming specific events or embracing a more comprehensive and inclusive approach, this clause provides a mechanism for negotiation and balance, ensuring fair outcomes for all parties involved.

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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).

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.

Article 1105 of the Spanish Civil Code refers to force majeure events. It states that: ?outside the cases expressly mentioned in the law, and those in which the obligation should require it, no one shall be liable for events which cannot be foreseen or which, being foreseen, would be inevitable?.

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.

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.

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.

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 In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil ...

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May 12, 2020 — ... a “force majeure” clause included in contracts for Puerto Rico operations. ... File Auto-Certification and Adopt COVID-19 Exposure Control Plans ... May 15, 2020 — Many contracts include a force majeure clause that alters the parties' obligations when a qualifying extraordinary event or circumstance beyond ...the Force Majeure event and describe in reasonable detail the nature of the ... Government of Puerto Rico and/or PRDOH by virtue of any breach of the Agreement. Jun 22, 2020 — this Agreement prior to the Service Commencement Date in order to complete the transition and ... in the event that a Force Majeure Event. Oct 22, 2020 — A Force Majeure Clause is a legal concept that allows one party to a contract to suspend, excuse, or terminate contractual obligations. May 23, 2018 — 1. The Contractor shall: (i) provide PRPHA and the Puerto Rico Department of. Housing, a hold harmless clause, and (ii) name Commonwealth ... Sep 26, 2017 — is suspended in whole or in part due to the occurrence of a Force Majeure event, ... complete Agreement between the parties. ARTICLE 45: Transfer ... shall perform any portion of, or all (as PREPA may require) of the services set forth in. Annex A (Services), including the preparation and submission to ... Force Majeure means any cause without the fault or negligence and beyond the reasonable control of, the Party claiming the occurrence of a Force Majeure event. May 11, 2020 — Finally, as stated above, some jurisdictions narrowly interpret force majeure provisions and only excuse nonperformance if the event is ...

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Puerto Rico Fairer Force Majeure Clause