Common use of Guidance Note for clause 11(a) Clause in Contracts

Guidance Note for clause 11(a). This Agreement may be terminated where a party has not complied with a material obligation. For example, the Collaborator has not paid owing Fees or the University has failed to achieve multiple Milestones. If the breach of the material obligation can be fixed by the party in breach, the other party must issue a notice requiring the breach to be remedied within 20 Business Days. If the breach of the material obligation cannot be fixed by the breaching party, the Agreement may be terminated with immediate effect by the other party. The other party should carefully consider whether the breach can be fixed before terminating with immediate effect. Otherwise, the other party may be considered to have itself breached the Agreement and exercised its termination rights wrongfully.

Guidance Note for clause 11(a). This Agreement may be terminated where a party has not complied with a material obligation. For example, the Collaborator has not paid owing Fees Licensee fails to secure or maintain the Equipment or the University Licensor has failed to achieve multiple Milestonesprovide the required Equipment. If the breach of the material obligation can be fixed by the party in breach, the other party must issue a notice requiring the breach to be remedied within 20 Business Days30 days. If the breach of the material obligation cannot be fixed by the breaching party, the Agreement may be terminated with immediate effect by the other party. The other party should carefully consider whether the breach can be fixed before terminating with immediate effect. Otherwise, the other party may be considered to have itself breached the Agreement and exercised its termination rights wrongfully.

Guidance Note for clause 11(a). This Agreement may be terminated where a party has not complied with a material obligation. For example, the Collaborator has not paid owing Fees or the University has failed to achieve multiple Milestones. If the breach of the material obligation can be fixed by the party in breach, the other party must issue a notice requiring the breach to be remedied within 20 Business Days30 days. If the breach of the material obligation cannot be fixed by the breaching party, the Agreement may be terminated with immediate effect by the other party. The other party should carefully consider whether the breach can be fixed before terminating with immediate effect. Otherwise, the other party may be considered to have itself breached the Agreement and exercised its termination rights wrongfully.

Guidance Note for clause 11(a). This Agreement may be terminated where a party has not complied with a material obligation. For example, the Collaborator has not paid owing Fees Licensee fails to secure or maintain the Equipment or the University Licensor has failed to achieve multiple Milestonesprovide the required Equipment. If the breach of the material obligation can be fixed by the party in breach, the other party must issue a notice requiring the breach to be remedied within 20 Business Days. If the breach of the material obligation cannot be fixed by the breaching party, the Agreement may be terminated with immediate effect by the other party. The other party should carefully consider whether the breach can be fixed before terminating with immediate effect. Otherwise, the other party may be considered to have itself breached the Agreement and exercised its termination rights wrongfully.