A Continuous Operation Clause (also known as a "Maintenance of Efforts Clause" or "Maintenance of Status Quo Clause") is a contractual provision in an agreement or contract that guarantees that the parties will maintain the existing level of performance for the duration of the contract. This clause is often used to ensure that neither party will reduce the level of performance or services provided during the contract period as a means to reduce costs. The two main types of Continuous Operation Clauses are Performance Clauses and Obligation Clauses. Performance Clauses guarantee that the performance of the parties will remain at the same level throughout the contract period. Obligation Clauses guarantee that the parties will continue to fulfill their obligations under the contract as originally agreed.
Continuous Operation Clause
Description
How to fill out Continuous Operation Clause?
US Legal Forms is the most straightforward and profitable way to locate suitable formal templates. It’s the most extensive web-based library of business and individual legal paperwork drafted and checked by lawyers. Here, you can find printable and fillable templates that comply with national and local laws - just like your Continuous Operation Clause.
Obtaining your template requires just a few simple steps. Users that already have an account with a valid subscription only need to log in to the web service and download the form on their device. Later, they can find it in their profile in the My Forms tab.
And here’s how you can get a properly drafted Continuous Operation Clause if you are using US Legal Forms for the first time:
- Look at the form description or preview the document to guarantee you’ve found the one meeting your demands, or locate another one using the search tab above.
- Click Buy now when you’re certain about its compatibility with all the requirements, and select the subscription plan you prefer most.
- Register for an account with our service, sign in, and purchase your subscription using PayPal or you credit card.
- Decide on the preferred file format for your Continuous Operation Clause and download it on your device with the appropriate button.
After you save a template, you can reaccess it at any time - just find it in your profile, re-download it for printing and manual fill-out or upload it to an online editor to fill it out and sign more efficiently.
Take full advantage of US Legal Forms, your reliable assistant in obtaining the required formal documentation. Give it a try!
Form popularity
FAQ
A clause in an oil & gas lease that keeps the lease in force beyond the primary term even when there is no production in paying quantities if the lessee is continuing a program of drilling.
A full planning application can demonstrate to the local planning authority that the occupancy condition is no longer needed. First, it needs to be demonstrated that there is no need for 'tied' property on the holding at the time of the application, nor will there be a need in the future.
Continuous Occupancy, refers to the maintenance of an average occupancy of at least sixty-five percent (65%) for the Commercial Space.
Your occupancy limits clause should specify that the tenant may not move anyone else into the rental unit or add a roommate without your consent, and that doing so will be considered a breach of the agreement; violation of the occupancy limits clause gives you grounds to terminate the tenancy.
Continuous operations clauses are covenants commonly found in commercial leases that compel tenants to operate efficiently and profitably by requiring them to conduct regular business at all times during the lease term.
Continuous Operations Clause A type of Business Hours clause in a retail lease that obligates the tenant to remain open for business throughout the term of its lease. This is not to be confused with a Business Hours clause, which specifies the hours during which a tenant is required to remain open for business.
The Tenant shall carry on business at the Demised Premises on a regular basis and not leave the Demised Premises unoccupied for a period of Fifteen (15) days or longer without the prior written consent of the Landlord.
A continuous operations clause in a lease is a requirement that obligates the tenant to continuously operate its business throughout the term of the lease. This type of provision is commonly found in a commercial lease for retail space within shopping centers.
