How is COMPLIANCE WITH LAW defined in a legal contract?
- COMPLIANCE WITH LAW means every party involved is obligated to act according to all relevant laws, rules, and regulations, hailing from any level of govnerment (state, federal or local) that apply to the party’s operations directly pertaining to or arising from the execution of the contract. If any stipulation of the contract is in conflict or against any applicable law, rule, or regulation, such provision should be adjusted to be in compliance with said law, rule or regulation. The modified provision and the contract will continue to be valid and effective.
Seen in 2 SEC filings - COMPLIANCE WITH LAW means each party agrees they must comply with all applicable laws, regulations, both federal, state, and local, in connection with their performance under the agreement from the time this agreement begins and it continues throughout its term.
Seen in 2 SEC filings - COMPLIANCE WITH LAW means with respect to the purchase, sale, resale and servicing actions of goods or services, a party must comply with all applicable laws, embargos, regulations and restrictions.
Seen in 1 SEC filing
Please note, specific names of laws or additional details may be elaborated upon in the specific contract or document.
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for ‘Definitions of compliance with law’ yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Compliance with Law means to perform operations in complete concordance with all applicable laws, rules, and regulations at all levels of government.
Relevant Contract Types
Relevant Circumstances
- Formation of a new business or entity
- Selling or buying products or services
- Merging of existing businesses
- Licensing of intellectual property, software, or general use
Relevant Sectors
Genie Definition 2
Compliance with Law means fulfilling contractual obligations according to relevant laws, rules, and regulations.
Relevant Contract Types
Relevant Circumstances
- Leasing or renting property
- Providing professional consultation services
- Protecting confidential and proprietary information
- Delivering services under a contract
Relevant Sectors
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Compliance with Law means to perform operations in complete concordance with all applicable laws, rules, and regulations at all levels of government.
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