Common use of Licensee Termination Clause in Contracts

Licensee Termination. Licensee may terminate this Agreement upon forty-five days written notice if (a) Licensor breaches a material term of this Agreement and fails to remedy said breach within thirty (30) days of her 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 disrepute or scandal that affects Licensor's image; or (e) Licensor dies or suffers any disability impairing Licensor's ability to perform as an entertainer.

Appears in 3 contracts

Samples: Licensing Agreement (Famous Fixins Inc), Licensing Agreement (Famous Fixins Inc), Licensing Agreement (Famous Fixins Inc)

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Licensee 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 her 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 disrepute or scandal that affects Licensor's ’s image; or (e) Licensor dies or suffers any disability impairing Licensor's ’s ability to perform as an entertainer.

Appears in 1 contract

Samples: Licensing Agreement (Famous Fixins Inc)

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