Common use of Amendment and Termination of this Agreement Clause in Contracts

Amendment and Termination of this Agreement. If a party is in material breach of this Agreement (including but not limited to violating its obligations under Clauses 3 and 4 of this Agreement) and fails to make any remedy for its breach within 30 days of the receipt of a notice from the other party as to the occurrence and existence of such breach, the non-defaulting party may serve the defaulting party a written notice to terminate this Agreement immediately, provided that such termination will not have any prejudice to any right or relief to which the party who demands for termination of this Agreement is entitled under the law or otherwise.