IMPACT OF CHANGES; NEW GUIDANCE Sample Clauses
The "Impact of Changes; New Guidance" clause defines how the parties will address the effects of changes in laws, regulations, or official guidance that occur during the term of the agreement. Typically, this clause outlines the process for notifying the other party of relevant changes, assessing how these changes affect contractual obligations, and potentially renegotiating terms or adjusting performance requirements. Its core function is to ensure that both parties remain compliant with evolving legal or regulatory standards, while providing a mechanism to adapt the contract as necessary to address unforeseen developments.
IMPACT OF CHANGES; NEW GUIDANCE. In the event the ICANN Board adopts changes to the Temporary Specification (a “Triggering Event”), then Registry may notify Registrar of the changes, and upon ICANN publication of the updated Temporary Specification to its website, the changes will also be adopted and incorporated automatically herein to this Data Processing Addendum. Registrar will be given thirty (30) days to accept or reject the proposed changes; rejection may result in termination of the RRA. If Registrar does not respond within thirty (30) days following notice, it is deemed to have accepted the changes to the Data Processing Addendum, as applicable. In the event Applicable Laws change in a way that the Data Processing Addendum is no longer adequate for the purpose of governing lawful processing of Shared Personal Data and there was no Triggering Event, the Parties agree that they will negotiate in good faith to review and update this Data Processing Addendum in light of the new laws.
IMPACT OF CHANGES; NEW GUIDANCE. In the event the ICANN Board adopts changes to the Temporary Specification (a “Triggering Event”), then Registry may notify Registrar of the changes, and upon ICANN publication of the updated Temporary Specification to its website, the changes will also be adopted and incorporated automatically herein to this Agreement. Registrar will be given thirty (30) days to accept or reject the proposed changes; rejection may result in termination of the RRA. If Registrar does not respond within thirty (30) days following notice, it is deemed to have accepted the changes to the Agreement, as applicable. In the event Applicable Laws change in a way that the Agreement is no longer adequate for the purpose of governing lawful processing of Shared Personal Data and there was no Triggering Event, the Parties agree that they will negotiate in good faith to review and update this Agreement in light of the new laws.