Common use of Change in Law; New Taxes Clause in Contracts

Change in Law; New Taxes. If either party reasonably determines that a change in law has occurred which affects such party’s performance under the Contract Documents, then such party may deliver Notice to the other party of such change in law. Within sixty (60) days following receipt of such Notice, the parties shall meet and attempt in good faith to negotiate an amendment to this Contract or the Lease as is reasonably necessary to preserve the economic value of this Contract to both parties.