Common use of CONFORMITY WITH LOCAL LAW Clause in Contracts

CONFORMITY WITH LOCAL LAW. The rights and obligations of the parties hereto under this Agreement shall be subject to all applicable laws, orders, regulation, directions, restrictions and limitations of governments having jurisdiction over the parties hereto. In the event, however, that any such law, order, regulation, direction, restriction or limitation, or the interpretation thereof, shall in the judgment of either party substantially alter the relationship between the parties under this Agreement, or the advantages derived from such relationship, either party may request the other party hereto to modify this Agreement, and, if, within thirty (30) days subsequent to the making of such request, the parties hereto are unable to agree upon a mutually satisfactory modification hereof, then the party giving notice may terminate this Agreement pursuant to the termination without cause provisions of paragraph 12.a.