Failure or Delay by Either Party Clause Samples
The "Failure or Delay by Either Party" clause defines how the contract addresses situations where one party does not fulfill its obligations on time or at all. Typically, this clause outlines whether such failures or delays constitute a breach, and may specify exceptions, such as delays caused by force majeure events or circumstances beyond a party's control. Its core function is to clarify the consequences of non-performance or late performance, thereby managing expectations and reducing disputes over accountability in the event of unforeseen setbacks.
Failure or Delay by Either Party. Except as otherwise expressly provided in this Redevelopment Agreement, any failure or delay by either party in asserting any of its rights or remedies as to any default, shall not operate as a waiver of any default, or any such rights or remedies, or deprive either such party of its right to institute and maintain any actions or proceedings which it may deem necessary to protect, assert or enforce any such rights or remedies as established by this Agreement.
Failure or Delay by Either Party. Except as otherwise expressly provided in this Agreement, any failure or delay by either party in asserting any of its rights or remedies as to any Default, shall not operate as a waiver of any Default, or any such rights or remedies, or deprive either such party of its right to institute and maintain any actions or proceedings which it may deem necessary to protect, assert or enforce any such rights or remedies as established by this Agreement.