Define: Statutory Requirement
Statutory Requirement means a requirement enforced under any applicable legislation
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Statutory Requirement means a requirement enforced under any applicable legislation.
Relevant Circumstances
- Changes in legislation that affect the contract terms
- Supervision and compliance with various regulatory bodies or laws
- Cases where an obligation is imposed by law into the contract