Common use of Future Regulation Clause in Contracts

Future Regulation. If during the term of this agreement, either: (a) any act or statutory instrument of the Parliament, either State or Commonwealth, is enacted or proclaimed prescribing further requirements for or otherwise affecting this agreement, or (b) the Australian Securities and Investments Commission or other competent authority publishes or issues a statement or statements of further requirements governing agreements of this type and its effect, the reasonable opinion of the Licensee, would be that non-compliance with it would render or be likely to render this agreement invalid, voidable or unenforceable in whole or in part, then the Licensee may, by notice to the Business or Authorised Representative, either terminate this agreement or require that the parties amend this agreement (and sign all documents as may be necessary to affect the amendment) so far as is necessary in the reasonable opinion of the Licensee, to avoid this agreement being invalid, voidable or unenforceable, and the Business and the Authorised Representative consents to the amendments required.