Mandatory Rules Sample Clauses
The Mandatory Rules clause establishes that certain laws or regulations, which cannot be overridden by contract, will take precedence over the terms of the agreement. In practice, this means that if any part of the contract conflicts with these non-derogable legal requirements—such as consumer protection laws or anti-corruption statutes—the mandatory rules will apply regardless of what the contract states. This clause ensures that the contract remains legally compliant and prevents parties from inadvertently or intentionally bypassing essential legal protections.
Mandatory Rules. As a minimum set of rules in the arbitration the Parties agree as follows:
(i) The arbitration shall be held by one arbitrator appointed by mutual agreement of the Parties. If the Parties cannot agree on a single arbitrator within 15 days from the date written demand for arbitration has been received by the other Party, each Party shall identify one independent individual. The individuals appointed by the Parties shall then meet to appoint a single arbitrator. If an arbitrator still cannot be agreed upon within an additional 15 day period, he or she shall be appointed by the ICC.
(ii) The place of arbitration shall be New York, New York. Hearings and meetings shall be held in New York or at such other place as the Parties may agree.
(iii) The English language shall be used in the proceedings. Documents and written testimonies may be submitted in any language provided that the Party submitting such documents and testimonies shall provide, at its own expense, a translation of the same in the English language.
(iv) The arbitrator shall specify the basis for the award, the basis for the damages award and a breakdown of the damages awarded, and the basis of any other remedy authorized under this section. The award shall be considered as a final and binding resolution of the dispute or claim.
(v) The Parties agree to maintain the confidentiality of the arbitral proceedings, the existence of the same and the status of the hearings. In addition, the Parties undertake to maintain the confidentiality of any document exchanged in, produced in, or created by the Parties for the arbitration proceedings as well as the confidentiality of the award. Notwithstanding the foregoing, if the disclosure of the arbitral proceedings, or of any of the documents exchanged in, produced in or created for the arbitration proceedings or if the disclosure of the award is required by applicable law, rule or regulation or is compelled by a court or governmental agency, authority or body: (A) the Parties shall use the legitimate and legal means available to minimize the scope of their disclosure to third parties; and (B) the Party compelled to make the disclosure shall inform the other Party and the arbitrator at least 20 Business Days in advance of the disclosure (or if 20 Business Days’ notice is not practicable because the Party is required to make the disclosure less than 20 Business Days after becoming aware of the event or occurrence giving rise to such disclosure requirement, then n...
Mandatory Rules. Any payments, awards or benefits (or other arrangements) offered or made to you in connection with your employment, Directorship and/or termination thereof are and remain subject to any law, regulation, and regulatory guidance from time to time applicable, including any Remuneration Policy. Unilever is only authorised to make payments and awards to you which are within the terms of the Remuneration Policy. Any other payment or award shall require the express approval of Unilever’s shareholders, and Unilever will not be obliged to seek the approval of its shareholders in general meeting for any such payments or awards (or any other benefits or arrangements which would not otherwise be permitted by the Remuneration Policy).
Mandatory Rules. The supplier warrants that the goods and services delivered are in compliance with relevant mandatory rules such as these exist at the time of concluding the present contract. However, specific mandatory rules for the customer and for the customer's sector shall not be complied with unless such rules are described in Appendix 2, or unless a solution for the specific sector in question is delivered.
Mandatory Rules. The supplier warrants that the system delivered are in compliance with relevant mandatory rules such as these exist at the time of concluding the present contract.