Common use of Cancellation-Default Clause in Contracts

Cancellation-Default. Except in the case of delay or failure resulting from circumstances beyond the control and without the fault or negligence of Licensor or of its suppliers or subcontractors, Customer shall be entitled, by written cancellation notice to Licensor, to cancel the whole or any part of this Agreement for default, without granting an extension of time, and to have all other rights against Licensor by reason of Licensor’s default as provided by law. If it be found that Licensor was not in default, the rights and obligations of the parties shall be the same as if a Notice of Cancellation had been issued pursuant to Clause 13.A above, Termination-Convenience.