Common use of Failure to fulfill obligations Clause in Contracts

Failure to fulfill obligations. Each one of the terms and conditions of this contract is of the essence of this agreement and necessary for the performance contracted hereunder. In the event Purchaser refuses or neglects to provide any of the items herein stated, and/or fails to make any of the payments as provided herein, Artist shall have the right to refuse to perform and retain any amounts paid to Artist by Xxxxxxxxx and Purchaser will remain liable to Artist for the full performance fee. Additionally, if Purchaser’s financial standing or credit becomes impaired at any time prior to the date of the Event, Artist shall have the right to demand payment of the full contract fee prior to performing. If Xxxxxxxxx refuses or is unable to pay, Artist shall have the right to cancel this engagement by notice to Purchaser and shall retain all amounts paid to Artist by Purchaser without recourse.