How is Unforeseen Circumstances defined in a legal contract?
- Unforeseen Circumstances means changes that could not have been reasonably expected and that result in a significant and negative change in the status of a field or species protected by a Plan. Seen in 49 SEC filings.
- Unforeseen Circumstances means changes that impact one or more species, or the area covered by a conservation plan, which could not have reasonably been predicted at the time of plan development, and that result in a significant negative change in the status of one or more covered species.
Seen in 10 SEC filings. - Unforeseen Circumstances means events or conditions that have an impact on the obligations under a contract or upon a project, and is beyond the control of the party relying on it, providing a justification for a delay in or non-performance of the required actions as per the agreement. Seen in 6 SEC filings.
- Unforeseen Circumstances means drastic events such as a hurricane, earthquake, global pandemic (excluding existing regulations and restrictions related to the Covid-19 pandemic), act of God, act of war, terrorism, riot, rebellion, revolution, or civil disorders. Seen in 5 SEC filings.
- Unforeseen Circumstances means changes that affect a Take Species or Covered Lands, that could not have been reasonably anticipated by the Service and [organization] at the time of negotiation and development of the MSHCP, and result in a significant and negative change in the status of a Take Species. Seen in 3 SEC Filings.
- Unforeseen Circumstances means new requirements or technical conditions that the procurer would not have been able to foresee despite a diligent technical investigation. Additional works, services, or supplies caused by insufficient preparation of the tender or project are not considered 'unforeseen circumstances'. Seen in 1 SEC Filing.
Which definition should you use?
🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Unforeseen Circumstances means unexpected events or conditions significantly changing the status of a protected item or obligation outside the controlling party's reasonable control.
Relevant Contract Types
- Supply Contracts
- Service Level Agreement (SLA)
- Commercial Lease
- Employment Contract
- Partnership Agreement
Relevant Circumstances
- Unexpected market volatility or economic downturn
- Natural disasters impacting operation
- Unforeseen statutory/legal changes
- Unexpected technology failure or data breach
Relevant Sectors
Genie Definition 2
Unforeseen Circumstances mean unanticipated changes which lead to significant negative impacts on a [specific item or project].
Relevant Contract Types
Relevant Circumstances
- Unexpected regulatory changes impacting a project
- Unanticipated impacts on product development
- Unexpected issues with a third-party involvement changing project scope or feasibility
Relevant Sectors
Genie Definition 3
Unforeseen Circumstances mean drastic incidents, which are beyond human control and result in non-performance or delay in obligations outlined in a [contract].
Relevant Contract Types
Relevant Circumstances
- Acts of God such as hurricanes, earthquakes, floods etc. interrupting contractual obligations
- Instances of war, terrorism or civil disorder leading to non-performance of contract
Relevant Sectors
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Unforeseen Circumstances means unexpected events or conditions significantly changing the status of a protected item or obligation outside the controlling party's reasonable control
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