Statutory Alteration Clause Samples
A Statutory Alteration clause allows a contract to be modified automatically to comply with changes in relevant laws or regulations. In practice, this means that if a statute or regulation affecting the contract is amended, repealed, or newly enacted, the contract terms are adjusted as necessary to remain lawful and enforceable. This clause ensures that the agreement remains valid and up-to-date without requiring renegotiation, thereby reducing the risk of non-compliance and legal disputes due to changes in the law.
Statutory Alteration. If any alteration in the Complex is required by the Governmental or statutory authorities or any other authority then the Developer may do so with prior consent of majority of the Allottees/Apartment Acquirers in case such alteration etc is substantial.
Statutory Alteration. If any alteration in the Complex is required by the Rajpur Sonarpur Municipality or any other authority then the Owner/Vendor may do so without any prior intimation or consent from any of the Purchasers.
Statutory Alteration. If any alteration in the Block / Blocks or the Unit is required by the KMC or any other authority then the Sub Lessor may do so without any prior intimation to any of the Sub Lessee(s). The Sub Lessee hereby records and gives his/her/its/their consent to such future Statutory Alterations.