Common use of Changing Circumstances Clause in Contracts

Changing Circumstances. Husband and Wife hereby acknowledge and agree that life is unpredictable and circumstances change. This Agreement is executed with the full knowledge and expectation that in spite of the many changes to the financial condition, employment, physical condition, mental condition, or any other changes, whether considered to be material or immaterial, to either or both of the parties hereto, or any changes with respect to external factors such as the condition of the national economy, it is the desire and intent of the parties that this Agreement continue to be binding and in full force and effect. Further, notwithstanding the em- ployment or termination of employment of either party in the future, both parties intend to continue to be bound by the terms of this Agreement, have considered the possibility of such occurrence before entering into this Agreement, and prior to the termination of any employment will consider the consequences in light of this Agreement.