This form is used by the Lessee to give notice that Lessee's obligations to conduct operations on the Lease, which would have the effect of perpetuating or extending the term of the Lease, are suspended or delayed until the cause for the suspension of Lessee's obligations have ceased or are removed.
South Carolina Notice by Lessee of Force Majeure with Events Preventing Ability to Perform Operations on A Lease
Category:
State:
Multi-State
Control #:
US-OG-359
Format:
Word;
Rich Text
Instant download
Description
How to fill out Notice By Lessee Of Force Majeure With Events Preventing Ability To Perform Operations On A Lease?
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FAQ
The force majeure clause in your lease may allow you to not pay rent for a period of time or free you from the contractual obligation in your commercial lease. Your landlord cannot sue you because of an extraordinary event, an act of God, prevented you from paying your lease.
Generally speaking, for events to constitute force majeure, they must be unforeseeable, external to the parties of the contract, and unavoidable. These concepts are defined and applied differently depending on the jurisdiction.
Force majeure clauses, common in most commercial lease agreements, generally excuse, or temporarily delay, certain landlord or tenant lease obligations due to unforeseen circumstances beyond the parties' control.
War or Armed Conflict: If war breaks out, or if there is an armed conflict, civil unrest, or act of terrorism, force majeure can be used to terminate a contract if the terms cannot be completed. Pandemics: If a pandemic breaks out and contractual obligations cannot be performed, force majeure may be used.
What is an example of a force majeure event? 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? means any unforeseeable circumstance which is beyond the control of a Party, or any unavoidable event, even if foreseeable, as a result of which such Party is unable to perform its obligations, in whole or in part, under this Agreement.
