COMPLIANCE WITH LAWS (COVENANT)

Other Names: Compliance • Compliance with Applicable Laws • No Violation

Sample Clause Language:

Each party agrees to comply [in all material respects] with the respective laws, rules, regulations and legal process applicable to the operation of its business [and the performance of this Agreement] [, except to the extent any non-compliance would not reasonably be expected to have a Material Adverse Effect].  [Each party shall be responsible for obtaining any and all licenses, registrations, permits or approvals necessary or advisable for the operation of its business and the performance of its obligations under this Agreement.]

Source: Based on Calvert World Values Fund Inc. (2019, September 27). Form 485BPOS. Retrieved from SEC EDGAR website http://www.sec.gov/edgar.shtml

 

Description:

Compliance with Laws clauses that are covenants require a party to comply with all laws, rules and regulations. The sample clause here is drafted neutrally and applies mutually to all parties.

Common Contracts with this Clause:

  • Purchase Agreements
  • Supply Agreements
  • Services Agreements
  • Distribution Agreements
  • Equipment Leases
  • Credit Agreements
 

What you'll see with Lawgood:

Number of Positions Available:

Two (2) Alternative Positions

  • Unilateral
  • Mutual

Draft better contracts with Lawgood.

Lawgoodcontractclauses