Maryland SB77 exempts certain international trade contracts from specific prohibitions on state contract provisions.

Maryland SB77 modifies state contract regulations by exempting certain contracts entered into by the Office of International Trade from prohibitions on indemnification obligations, binding arbitration, and other specific provisions. These exemptions apply to contracts related to the development of international business activities and opportunities. The bill also outlines provisions that are generally void in state contracts, such as indemnification obligations, binding arbitration, and certain jurisdictional terms. The changes take effect on July 1, 2026.

Maryland SB77 exempts certain international trade contracts from specific prohibitions on state contract provisions.

Maryland SB77 modifies state contract regulations by exempting certain contracts entered into by the Office of International Trade from prohibitions on indemnification obligations, binding arbitration, and other specific provisions. These exemptions apply to contracts related to the development of international business activities and opportunities. The bill also outlines provisions that are generally void in state contracts, such as indemnification obligations, binding arbitration, and certain jurisdictional terms. The changes take effect on July 1, 2026.