Common use of Express termination clause Clause in Contracts

Express termination clause. In case of failure by the Juventus Official Fan Club to comply with the obligations and conditions, as per articles 5.2.1 (payment of fees), 6 (obligations of the Juventus Official Fan Club), 8 (non-competition agreement), 9 (use of distinctive trademarks), 13 (code of ethics), of this Framework Agreement, Juventus will have the option to demand the Juventus Official Fan Club to comply by sending a communication, by registered letter with acknowledgement of receipt, setting a deadline of no less than 15 (fifteen) days, expressly indicating that the failure to rectify the breach by the set deadline will determine the legal termination of the Framework Agreement. Should the Juventus Official Fan Club not rectify the breach by the given deadline, the Framework Agreement will be considered legally terminated at the expiry of the notice period without need for any further communication.

Express termination clause. In case of failure by the Juventus Official Fan Club to comply with the obligations and conditions, as per articles 5.2.1 (payment of fees), 6 (obligations of the Juventus Official Fan Club), 8 (non-competition agreement), 9 (use of distinctive trademarks), 13 (code of ethics), conditions of this Framework Agreement, Juventus will have the option to demand the Juventus Official Fan Club to comply by sending a communication, by registered letter with acknowledgement of receipt, setting a deadline of no less than 15 (fifteen) days, expressly indicating that the failure to rectify the breach by the set deadline will determine the legal termination of the Framework Agreement. Should the Juventus Official Fan Club not rectify the breach by the given deadline, the Framework Agreement will be considered legally terminated at the expiry of the notice period without need for any further communication.