Common use of Issue of Termination Notice Clause in Contracts

Issue of Termination Notice. On the occurrence of any Event of Default, the non- defaulting Party may initiate termination of this Agreement by issuing a termination Notice to the defaulting Party setting out in detail the underlying Event of Default and the estimated payment on termination, including the details of computation thereof. A notice period of 3 (three) months should be provided when issuing the termination Notice.

Appears in 5 contracts

Samples: Lease Cum Development Agreement, Lease Cum Development Agreement, Lease Cum Development Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!