COMPLIANCE WITH LAWS (R&W)

Other Names: Compliance • Compliance with Applicable Laws

Sample Clause Language:

Each Party represents, warrants and covenants to the other Party that it is and will remain in [material] compliance with all applicable law as it may apply to this Agreement and such Party’s performance under this Agreement, non-compliance with which would have a material adverse effect upon either Party.

Source: XPEL, Inc. (2019, April 24). Form 10-12B. Retrieved from SEC EDGAR website http://www.sec.gov/edgar.shtml

 

Description:

Compliance with Laws clauses that are representations and warranties serve to assure a party that the other party has not been operating in violation of any 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
 

What you'll see with Lawgood:

Number of Positions Available:

Three (3) Alternative Positions

  • Favorable to Provider
  • Neutral
  • Favorable to Recipient

Draft better contracts with Lawgood.

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