Change-In-Law Clause
/ˈtʃeɪndʒ ɪn lɔː klɔːz/
Definitions
- (n.) A contractual provision that adjusts obligations or rights when there is a change in applicable law affecting the contract.
The agreement included a change-in-law clause to address new regulatory requirements.
Forms
- change-in-law clause
- change-in-law clauses
Related terms
See also
Commentary
Often used to allocate risk of legal or regulatory changes between contracting parties, ensuring adaptability without renegotiation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.