Statute and Rules Sample Clauses
The 'Statute and Rules' clause establishes that the agreement or process is governed by specific laws and procedural rules. In practice, this means that any disputes, interpretations, or proceedings related to the contract will be conducted according to the statutes and regulations of a designated jurisdiction, such as the laws of a particular state or country, and may also reference the rules of a relevant arbitral institution or court. This clause ensures clarity and predictability by identifying the legal framework that will apply, thereby reducing uncertainty and potential conflicts over which laws or rules should govern the parties' relationship.
Statute and Rules. (a) The Account and the Participation Agreement are subject to future changes to the Program, Part IV Chapter 1009, Florida Statutes, as amended, and to Rule 19B-16, Florida Administrative Code (or any similar successor rule), as amended.
(b) All transactions and changes of the Account are subject to such rules and policies as the Board may adopt in accordance with federal law and Florida law.
(c) All references in the Participation Agreement to the Florida Statutes include any similar successor statutes.
(d) The Account Owner agrees to be bound by any such changes, policies, rules, and statutes.