Common use of Changes in Law or Regulation Clause in Contracts

Changes in Law or Regulation. In the event of any material change in the law affecting the implementation of any provision contained in this Agreement or the operation or management of the Company in the manner contemplated hereby, the Parties shall endeavor to agree to appropriate variations to this Agreement as a consequence. If the Parties are unable to reach agreement within ninety days of notice in writing from one Party to the others informing them of any such change, then the Parties may cause the Company to wind up and terminate this Agreement, and Tech Ion shall cooperate in passing any resolution necessary in order to effect the same.