This office lease clause is the long form for dealing with the destruction of the premises and the conditions and obligations of the landlord to restore and accommodate the tenants.
Texas Destruction Clause Long Form
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Multi-State
Control #:
US-OL11024B
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Word;
PDF
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How to fill out Destruction Clause Long Form?
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FAQ
In the event the leased premises shall be destroyed or rendered totally untenable by fire, windstorm, or any other cause beyond the control of Landlord, then this Lease shall cease and terminate as of the date of such destruction, and the rent shall then be accounted for between Landlord and Tenant up to the time of ...
Texas courts generally recognize that the purpose of a force majeure clause is to excuse non-performance of obligations only when caused by circumstances beyond the reasonable control of the party or by an event ?which is unforeseeable at the time the parties entered into the contract.?6 However, contractual ...
A governing law clause allows the parties to specify the system of law that will apply to the interpretation of the contract and its effect if a dispute arises.
Finally, parties should choose governing law from the same state where claims under the contract will be brought. This ensures that the courts interpreting and enforcing the contract terms are experienced in applying the parties' chosen law.
§ 187 Law of the State Chosen by the Parties (1) The law of the state chosen by the parties to govern their contractual rights and duties will be applied if the particular issue is one which the parties could have resolved by an explicit provision in their agreement directed to that issue.
Governing law is a contractual provision (also known as a choice of law provision) that determines which law shall apply in the event of a dispute. Such a clause is generally honored by the courts which do not interfere with the agreement of the parties regarding the applicable law.
A Standard Clause for a contract governed by Texas law, also known as a "merger" or "integration" clause, which integrates all previous negotiations, representations, warranties, and agreements into the contract and indicates a final agreement on the terms and provisions.
Choice of law clause, also known as a governing law clause, that allows the contract parties to choose the substantive law of Texas to apply to the contract.