Statutory Wording Clause Samples
The Statutory Wording clause ensures that the language used in a contract or agreement aligns with the specific terminology and requirements set out in relevant laws or regulations. In practice, this means that the contract will incorporate or mirror the exact phrases, definitions, or provisions mandated by statute, such as those found in consumer protection laws or industry-specific regulations. By doing so, the clause helps guarantee legal compliance and reduces the risk of disputes arising from inconsistent or non-compliant contract language.
Statutory Wording. Where wording is used which is the same and in the same context as the Statute, it shall have the same meaning as that in the Statute unless clearly stated otherwise.