Early Termination Due to Force Majeure Event. If a Force Majeure Event occurs, the affected Party shall promptly provide written notice to the other Party describing the nature of the event; the length of time it is expected to continue; and efforts (planned or under way) to overcome the effects of the event. The Parties shall cooperate in good faith to overcome the effects of the Force Majeure Event. The obligations of each Party shall be suspended for the continuance of any inability to perform caused by a Force Majeure Event, but for no longer period. If a Force Majeure Event prevents a Party from performing its obligations under this Agreement and such event continues for more than 365 days, either Party may terminate this Agreement and neither Party shall be in default.
Appears in 4 contracts
Samples: License and Services Agreement, License and Services Agreement, License and Services Agreement
