Common use of License Termination Clause in Contracts

License Termination. Licensee may terminate this agreement upon forty-five (45) days written notice if (a) Licensor breaches a material term of this Agreement and fails to remedy said breach within thirty (30) days of his receipt of written notice of the breach; ( b) Licensor becomes insolvent or files a petition in bankruptcy; (c) Licensee determines, in its sole and absolute discretion, to discontinue production and distribution of the Products; (d) Licensor becomes the subject of public dispute or scandal that affects Licensor's image. All royalties due to Licensor up to the date of termination will be paid to Licensor

License Termination. Licensee may terminate this agreement upon forty-five (45) days written notice if (a) Licensor breaches a material term of this Agreement and fails to remedy said breach within thirty (30) days of his receipt of written notice of the breach; ( b) Licensor becomes insolvent or files a petition in bankruptcy; (c) Licensee determines, in its sole and absolute discretion, to discontinue production and distribution of the Products; (d) Licensor becomes the subject of public dispute or scandal that affects Licensor's image. All royalties due to Licensor up to the date of termination will be paid to Licensor.

License Termination. Licensee may terminate this agreement upon forty-five (45) days written notice if (a) Licensor breaches a material term of this Agreement and fails to remedy said breach within thirty @ (30) days of his receipt of written notice of the breach; ( b) Licensor becomes insolvent or files a petition in bankruptcy; (c) Licensee determines, in its sole and absolute discretion, to discontinue production and distribution of the Products; (d) Licensor becomes the subject of public dispute or scandal that affects Licensor's image. All royalties due to Licensor up to the date of termination will be paid to Licensor