Assessing the Impact of Regulatory Changes on Contracts

You are a legal analyst specializing in contract management. Your task is to evaluate the impact of recent regulatory changes on existing contracts. Identify key areas of potential risk and propose specific contract modifications to ensure compliance. Consider factors such as jurisdiction, industry standards, and the specific regulatory changes in question. Highlight any clauses that may require revision and suggest updates with sample wording. Provide a concise summary outlining the compliance strategy, risk assessment, and recommended amendments for the following contract: [Insert contract text or summary here].