Statutorily Mandated Provisions Sample Clauses
The "Statutorily Mandated Provisions" clause ensures that any terms or requirements imposed by applicable laws or regulations are automatically incorporated into the contract. This means that, regardless of whether such provisions are explicitly written in the agreement, they will still apply and govern the parties' conduct. For example, if a law requires certain consumer protections or minimum standards, those will be part of the contract even if omitted. The core function of this clause is to guarantee legal compliance and prevent the contract from inadvertently violating mandatory legal requirements.
Statutorily Mandated Provisions. The following provisions are required by Texas law and apply to this Agreement:
Statutorily Mandated Provisions. Anti-Boycott Verification. Pursuant to Section 2271.002, Texas Government Code, to the extent this Agreement is a contract for goods or services, the selected Bidder hereby represents that it and its parent company, wholly- or majority-owned subsidiaries, and other affiliates, if any, do not Boycott Israel and, subject to or as otherwise required by applicable Federal law, Purchaser agrees not to Boycott Israel during the term of this Agreement. For purposes of this Section, "Boycott Israel" shall have the meaning given such term in Section 808.001, Texas Government Code. Purchaser understands "affiliate" for this Section 4.07 to mean an entity that controls, is controlled by, or is under common control with selected Bidder and exists to make a profit.
a) Prohibition on Contracts with Certain Companies. Purchaser and the person or persons executing this Agreement on behalf of Purchaser, or representing themselves as executing this Agreement on behalf of Purchaser (collectively, the “Signing Entities”), hereby acknowledge that (a) the Signing Entities do not engage in business with Iran, Sudan or any foreign terrorist organization and (b) the Signing Entities are not named on a list prepared and maintained by the Texas Comptroller of Public Accounts under Section 2252.153 or Section 2270.0201, Texas Government Code, and posted on any of the following pages of such officer’s internet website: ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇.▇▇▇/purchasing/docs/sudan-list.pdf, ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇.▇▇▇/purchasing/docs/iran-list.pdf or ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇.▇▇▇/purchasing/docs/fto-list.pdf
Statutorily Mandated Provisions