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 South Carolina Fairer Force Mature Clause is a legal provision typically included in contracts to address unforeseen circumstances that could hinder the performance of obligations by one or both parties involved. This clause acknowledges that certain events outside the control of the parties (known as "force majeure" events) may occur, making it impossible or impractical to fulfill contractual obligations. In South Carolina, the Fairer Force Mature Clause aims to ensure fairness and balance between the parties in case force majeure events occur. It provides a framework for determining how such events will be handled and their implications on contractual obligations, rights, and remedies. The Fairer Force Mature Clause takes into account the specific needs and circumstances of South Carolina businesses and individuals, ensuring a fair and equitable outcome in case of unexpected events or circumstances. This clause is crucial in protecting parties from the consequences of events beyond their control, as it allows for the suspension or modification of contractual obligations during force majeure events. Common force majeure events include natural disasters, acts of terrorism, governmental actions, epidemics, wars, strikes, and other similar occurrences. South Carolina recognizes various types of Fairer Force Mature Clauses that parties may consider incorporating into their contracts. These types include: 1. Customizable Force Mature Clause: This type allows parties to expressly define and agree upon the specific events or circumstances that will trigger the invocation of the clause. By customizing the clause, parties have more control over the definition of force majeure and the subsequent actions to be taken. 2. Mandatory Notification Clause: This type requires the party affected by a force majeure event to promptly notify the other party. It dictates that failure to notify within a specified time may result in the waiver or different treatment of force majeure-related claims or remedies. 3. Temporary Suspension and Negotiation Clause: This clause allows for the temporary suspension of contractual obligations during a force majeure event. It also provides a platform for the affected parties to negotiate and agree on suitable alternatives, such as revised timelines, performance expectations, or even contract termination if deemed necessary. 4. Compensation and Liability Limitation Clause: This type establishes the responsibilities and liabilities of the parties involved in case of force majeure events. It may define the extent to which one party may be relieved from liability or the obligation to pay damages to the other party due to a force majeure event. It is important to note that specific Fairer Force Mature Clauses may vary depending on the nature of the contract, the parties involved, and the industry in which they operate. Therefore, it is advisable to consult with legal professionals familiar with South Carolina laws to ensure that the chosen clause provides the necessary protections and aligns with the specific requirements of the contract.
