Common use of Change of Residence Clause in Contracts

Change of Residence. We have been advised that certain provisions of this Agreement may be in conflict with the law of other jurisdictions. If we change our respective residences to another state, we agree to consult with an attorney or attorneys in the new jurisdiction to determine if this Agreement presents any problems in the new jurisdiction. If either of us is advised that there are sufficient legal issues to constitute a problem, this Agreement may be reformed to effectuate the original intent by mandatory arbitration upon the request of either of us.