Common use of CONSEQUENCES OF FUNDAMENTAL CHANGE IN LAW Clause in Contracts

CONSEQUENCES OF FUNDAMENTAL CHANGE IN LAW. 3.1 If a Fundamental Change in Law occurs, then, a) the affected Party may notify the other Parties of the effects of such Fundamental Change in Law on the validity and enforceability of this Agreement or on the rights of the Operator under this Agreement; and b) any Party may propose amendments to the Agreement, which would make the Agreement compliant with Applicable Laws, while enabling the Parties to achieve their commercial objectives.