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 Rhode Island Fairer Force Mature Clause is a provision included in contracts that addresses the occurrence and impact of unforeseeable events or circumstances that prevent one or both parties from fulfilling their contractual obligations. Force majeure clauses provide a legal framework for parties to mitigate potential liabilities arising from events beyond their control. In Rhode Island, the Fairer Force Mature Clause ensures a balanced and equitable approach between the contracting parties when a force majeure event occurs. It aims to protect the interests of both parties involved in the agreement and considers the consequences of unforeseen circumstances on contractual obligations. Key elements of the Rhode Island Fairer Force Mature Clause include: 1. Definition of Force Mature Events: This clause specifies the types of events that qualify as force majeure events. Common examples include natural disasters, acts of terrorism, war, government actions, labor strikes, and epidemics. It may also include broader terms to encompass unforeseen events. 2. Notice Requirements: The Fairer Force Mature Clause in Rhode Island usually outlines the obligations of the parties to promptly notify each other when a force majeure event occurs. Proper notification helps to establish transparency and facilitates the coordination required during such events. 3. Timeframes and Remedies: This provision addresses the duration and consequences of the force majeure event. It may specify a period of temporary suspension of contractual obligations or define alternative performance methods to fulfill the obligations. Additionally, it may outline the termination rights of either party if a force majeure event extends beyond a certain timeframe. Different types or variations of Rhode Island Fairer Force Mature Clauses are: 1. General Force Mature Clause: This type of clause typically includes a broad range of events that qualify as force majeure events and does not create any distinction between parties concerning their obligations during such events. 2. Specific Force Mature Clause: This variation outlines certain specific events that would constitute force majeure events, leaving little room for interpretation or inclusion of unforeseen circumstances. This type of clause may provide less flexibility during unanticipated events. 3. Balanced Force Mature Clause: The Balanced Force Mature Clause focuses on ensuring fairness and equitable treatment of both parties. It emphasizes the importance of cooperation, negotiation, and good faith in managing the impact of force majeure events. In conclusion, the Rhode Island Fairer Force Mature Clause is a crucial contractual provision that addresses the impact of unforeseen events on contractual obligations. Its purpose is to establish a fair and balanced approach in handling force majeure events while protecting the rights and interests of both parties involved. Different variations of the clause exist, each tailored to cater to specific requirements and objectives within a contract.
