Compliance Environment Clause Samples
The Compliance Environment clause establishes the requirement for parties to adhere to all applicable laws, regulations, and industry standards relevant to the agreement. In practice, this means each party must ensure their operations, products, or services meet legal and regulatory obligations, such as data protection laws or environmental standards, throughout the duration of the contract. This clause serves to allocate responsibility for legal compliance, reducing the risk of regulatory breaches and associated penalties for both parties.
Compliance Environment. FIS acknowledges that FNT and certain FNT Entities are subject to various general and industry-specific laws and regulations, and that FNT has promulgated and provided to FIS (and will promulgate from time to time and provide to FIS) various internal policies to assure compliance with such laws and regulations. FNT shall apprise FIS from time to time of laws and regulations uniquely applicable to FNT Entities to the extent regulated by State Departments of Insurance, and of proposed changes to such laws and regulations and, when applicable, anticipated effective dates (each, a "Regulation"). To the extent that such Regulations and/or the Fidelity Information Security Policy have an impact on the Services, FNT will advise FIS of such impact and the Services (including, if appropriate, adjustments to the Service Levels and the Fees therefor) shall be adjusted appropriately pursuant to the Change Control Procedures. Subject to the foregoing, FIS will operate and deliver its Services in compliance with the Fidelity Information Security Policy. All changes to the Services shall be made in accordance with the Change Control Procedures. Subject to mutually agreed upon lead times for implementation, all Services shall be performed by FIS and FIS Subcontractors in a manner consistent with Regulations as made known to FIS from time to time and reflected in the Services pursuant to Change Control Procedures, modifying operations and practices as necessary.
Compliance Environment. LPS acknowledges that FNF and certain FNF Entities are subject to various general and industry-specific laws and regulations, and that FNF has promulgated and provided to LPS (and will promulgate from time to time and provide to LPS) various internal policies to assure compliance with such laws and regulations. FNF shall apprise LPS from time to time of laws and regulations uniquely applicable to FNF Entities to the extent regulated by State Departments of Insurance, and of proposed changes to such laws and regulations and, when applicable, anticipated effective dates (each, a “Regulation”). To the extent that such Regulations and/or the Fidelity Information Security Policy have an impact on the Services, FNF will advise LPS, by providing such notice to the LPS Relationship Managers, of such impact and the Services (including, if appropriate, adjustments to the Service Levels and the Fees therefor) shall be adjusted appropriately pursuant to the Change Control Procedures. Subject to the foregoing, LPS will operate and deliver its Services in compliance with the Fidelity Information Security Policy. All changes to the Services shall be made in accordance with the Change Control Procedures. Subject to mutually agreed upon lead times for implementation, all Services shall be performed by LPS and LPS Subcontractors in a manner consistent with Regulations as made known to LPS from time to time and reflected in the Services pursuant to Change Control Procedures, modifying operations and practices as necessary.
Compliance Environment. 8 3.14. Title to Work Product............................................................ 9 3.15. FIS Affiliate Statements of Work................................................. 9