Quote:
Originally Posted by Makarov
I don't deal with a lot of contracts but I haven't come across one before. Lots of private contracts include so-called "change of law" clauses, but those are very different. They typically same something to the effect of: if the law changes to make this contract or any art of this contract illegal or impossible to perform, the parties agree to renegotiate new language which achieves the original intended effect.
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I currently have 2 contracts in place with government and arms length government entities.
Both contracts have a change in law clause that allows us to end the contract.
We would NEVER go into business with someone who can change the rules without an out clause. That would be insanity.