STATUTORY NOTIFICATION Clause Samples
The Statutory Notification clause requires parties to inform each other or relevant authorities about certain events or actions as mandated by law. In practice, this may involve notifying government agencies of regulatory changes, incidents, or compliance matters within specified timeframes. Its core function is to ensure legal compliance and prevent penalties by making sure all required notifications are properly and promptly made.
STATUTORY NOTIFICATION. I am hereby notified that this Agreement does not apply to any Inventions for which no equipment, supplies, facility or trade secret information of the Company was used and which was developed entirely on my own time, and (1) which does not relate (a) directly to the business of the Company or (b) to the Company's actual or demonstrably anticipated research or development, or (2) which does not result from any work performed by me for the Company.
STATUTORY NOTIFICATION