Amendment Caused by Changes to Law Clause Samples
The "Amendment Caused by Changes to Law" clause allows a contract to be modified if relevant laws or regulations change after the agreement is signed. In practice, this means that if new legislation or government rules affect the contract’s terms or the parties’ obligations, the contract can be updated to remain compliant. This clause ensures that the agreement stays legally valid and helps both parties adapt to evolving legal requirements, reducing the risk of non-compliance or unenforceable terms.
Amendment Caused by Changes to Law. In the event performance of any Service provided herein in accordance with the terms of this Agreement would result in a violation of any present or future statute, regulations or government policy to which Bank is subject, and which governs or affects the transactions contemplated by this Agreement, then this Agreement will be deemed amended to the extent necessary to comply with such statute, regulation or policy, and Bank will incur no liability to Customer as a result of such violation or amendment.