This form brings together several boilerplate Force Majeure contract clauses that work together to outline the definition, effect, remedies, and procedures applicable under a contract agreement as a result of a Force Majeure event.
Texas Force Mature — Long-Form Provision is a legal clause included in contracts to address unforeseen events or circumstances that may prevent one or both parties from fulfilling their contractual obligations. This provision aims to excuse parties from liability or penalties when an event beyond their control, termed as force majeure, occurs. Texas, being a state in the United States, follows its own set of rules and regulations regarding force majeure. The Texas Force Mature — Long-Form Provision consists of specific language and conditions to define what events qualify as force majeure and how they will affect the contractual obligations. Some relevant keywords related to Texas Force Mature — Long-Form Provision are: 1. Force Mature Definition: This refers to the specific definition of force majeure within the contract. It clearly outlines which events will be considered force majeure and warrant an exemption from fulfilling contractual obligations. 2. Unforeseen Circumstances: This term emphasizes that force majeure events are unforeseeable and beyond the control of the contracting parties. It includes situations such as natural disasters, acts of God, war, terrorism, pandemics, government regulations, and other exceptional events. 3. Excused Performance: This phrase refers to the temporary or permanent release of parties from their contractual obligations due to force majeure events. It states that non-performance or delayed performance will not be considered a breach of contract. 4. Notice Requirement: This clause obligates the party affected by a force majeure event to promptly notify the other party and provide relevant details about the event's impact on their ability to fulfill contractual obligations. 5. Mitigation Efforts: This provision requires parties to make reasonable efforts to mitigate the impact of a force majeure event on their performance and resume fulfilling their obligations as soon as possible. 6. Suspension and Termination: This clause outlines the consequences of prolonged force majeure events. It may allow parties to suspend the contract temporarily until the event subsides or terminate the contract if the force majeure event persists indefinitely. It's important to note that there might be different variations or types of Texas Force Mature — Long-Form Provisions, depending on the specific circumstances and requirements of a contract. However, the main objective remains consistent, which is to address and mitigate the impact of unforeseen events on the contractual obligations of the parties involved.
