MAJOR BUSINESS CHANGE. If, in the reasonable opinion of Miraclon, there is or is likely to be a major change in the business operations of Miraclon that has or could have an adverse impact on the viability of the provision of the Products to be supplied to the Customer (Major Business Change), Miraclon may notify the Customer and Miraclon and the Customer must meet and discuss in good faith whether the provisions of the Agreement need to be varied. In the event that the Parties cannot agree in good faith on Agreement variations within a period of 30 days, then either Party has the right to terminate the Agreement. Unless otherwise agreed by Miraclon and the Customer, the rights and obligations of either Party will not be affected until the Agreement is terminated in writing. Neither Party will be entitled to claim or receive compensation from the other Party by reason of the operation of this condition.
Appears in 9 contracts
Samples: Sales Agreement, Sales Agreement, Sales Agreement
