Common use of New Legislation Clause in Contracts

New Legislation. 1. The Agreement shall be without prejudice to the right of each Contracting Party, subject to compliance with the principle of non-discrimination and the provisions of this Agreement, to amend unilaterally its legislation on a point regulated by this Agreement. 2. As soon as new legislation is being drawn up by one of the Contracting Parties, it shall informally seek advice from experts of the other Contracting Party. During the period preceding the formal adoption of new legislation, the Contracting Parties shall inform and consult each other as closely as possible. At the request of one of the Contracting Parties, a preliminary exchange of views may take place in the Joint Committee. 3. As soon as a Contracting Party has adopted an amendment of its legislation, it shall inform the other Contracting Party at the latest eight days after the publication in the Official Journal of the European Communities or the Official Compendium of Swiss Federal Law. Upon request of one Contracting Party, the Joint Committee shall hold an exchange of views on the implications of such an amendment for the proper functioning of this Agreement within six weeks after the request at the latest. 4. The Joint Committee shall:‌‌‌ — either adopt a decision revising the Annex or, if necessary, propose a revision of the provisions of this Agreement, so as to integrate therein, if necessary on a basis of reciprocity, the amendments made to the legislation in question; — or adopt a decision to the effect that the amendments to the legis­ lation in question shall be regarded as being in accordance with the proper functioning of this Agreement; — or decide any other measure to safeguard the proper functioning of this Agreement.

New Legislation. 1. The Agreement shall be without prejudice to the right of each Contracting Party, subject to compliance with the principle of non-discrimination dis­ crimination and the provisions of this Agreement, to amend unilaterally its legislation on a point regulated by this Agreement. 2. As soon as new legislation is being drawn up by one of the Contracting Parties, it shall informally seek advice from experts of the other Contracting Party. During the period preceding the formal adoption of new legislation, the Contracting Parties shall inform and consult each other as closely as possible. At the request of one of the Contracting Parties, a preliminary exchange of views may take place in the Joint Committee. 3. As soon as a Contracting Party has adopted an amendment of its legislation, it shall inform the other Contracting Party at the latest eight days after the publication in the Official Journal of the European Communities or the Official Compendium of Swiss Federal Law. Upon request of one Contracting Party, the Joint Committee shall hold an exchange of views on the implications of such an amendment for the proper functioning of this Agreement within six weeks after the request at the latest. 4. The Joint Committee shall:‌‌‌ — either adopt a decision revising the Annex or, if necessary, propose a revision of the provisions of this Agreement, so as to integrate therein, if necessary on a basis of reciprocity, the amendments made to the legislation in question; — or adopt a decision to the effect that the amendments to the legis­ lation in question shall be regarded as being in accordance with the proper functioning of this Agreement; — or decide any other measure to safeguard the proper functioning of this Agreement.