Common use of Cancellation of the Contract Clause in Contracts

Cancellation of the Contract. 10.1 This contract may be cancelled in the event of a serious violation of the obligations by one contractual party, if such violation is considered serious by this contract or by law. Cancellation of the contract becomes effective on the day of the delivery of a written cancellation notification to the other contractual party. 10.2 The Buyer is entitled to cancel the contract especially: a) if they find out that there is a delay with the handover of the subject of purchase, b) if they find out that there is a delay with the elimination of defects in the subject of purchase.

Cancellation of the Contract. 10.1 9.1 This contract may be cancelled in the event of a serious violation of the obligations by one contractual party, if such violation is considered serious by this contract or by law. Cancellation of the contract becomes effective on the day of the delivery of a written cancellation notification to the other contractual party. 10.2 9.2 The Buyer is entitled to cancel the contract especially: a) if they find out that there is a delay with the handover of the subject of purchase, b) if they find out that there is a delay with the elimination of defects in the subject of purchase.