Legal Requirement definition
Examples of Legal Requirement in a sentence
Seller has not received any written warning letter, written communication or document from any Governmental Authority (or any customer of Seller) relating to any of the Seller Products that assert lack of compliance by Seller in any material respect with any applicable Legal Requirement.
Seller is in compliance, in all material respects, with any applicable Legal Requirement regarding the retention of records and documents.
Notwithstanding anything in this Agreement to the contrary, Buyer is entitled to deduct and withhold from any portion of the Purchase Price, or other payment payable by Buyer pursuant to this Agreement, such amounts that are required to be deducted and withheld under the Code or any other Legal Requirement with respect to the making of such payment.
The Parties further agree that any Liability arising out of the failure of Seller to comply with the requirements and provisions of any bulk sales, bulk transfer, or similar Legal Requirement is an Excluded Liability.
If Seller does not timely pay Buyer in accordance with the foregoing sentence, then Buyer will have the option, in B▇▇▇▇’s sole discretion, to recover all such amounts payable to Buyer pursuant to Section 10.11, in addition to all other rights and remedies available to Buyer at law, in equity, or by Legal Requirement.