MANNATECH’S Rights Upon Default Clause Samples
The "MANNATECH’S Rights Upon Default" clause defines the actions and remedies available to Mannatech if the other party fails to meet their contractual obligations. Typically, this clause outlines specific steps Mannatech can take, such as suspending services, demanding immediate payment, or terminating the agreement if a default occurs. For example, if a distributor fails to pay required fees or violates company policies, Mannatech may invoke this clause to protect its interests. The core function of this clause is to provide Mannatech with clear, enforceable options to address breaches, thereby minimizing risk and ensuring contract compliance.
MANNATECH’S Rights Upon Default. If CARALOE fails in any material respect to perform its obligations hereunder, and such failure is not cured to MANNATECH’S reasonable satisfaction within thirty (30) days after notice thereof by MANNATECH, MANNATECH and its Manufacturer shall have the right to refuse to accept further deliveries hereunder and to terminate this Supply Agreement upon notice to CARALOE, and in addition, subject to the provisions of Section 12.3, shall have such other rights and remedies, including the right to recover damages, as are available under applicable law or otherwise. Any subsequent delivery of Manapol® powder to MANNATECH and/or its Manufacturer after any default by CARALOE under this Supply Agreement shall not constitute a waiver of any rights of MANNATECH and/or its Manufacturer arising out of such prior default; nor shall MANNATECH’S and/or its Manufacturer’s failure to insist upon strict performance of any provision of this Supply Agreement be deemed a waiver by MANNATECH and/or its Manufacturer of any of its rights or remedies hereunder or under applicable law or a waiver by MANNATECH and/or its Manufacturer of any subsequent default by CARALOE in the performance of or compliance with any of the terms of this Supply Agreement.
MANNATECH’S Rights Upon Default. If ITS SUPPLIER fails in any material respect to perform its obligations hereunder, and such failure is not cured to MANNATECH’S reasonable satisfaction within thirty (30) calendar days after notice thereof by MANNATECH, MANNATECH shall have the right to refuse to accept further deliveries hereunder and to terminate this Agreement upon notice to ITS SUPPLIER, and in addition, shall have such other rights and remedies, including the right to recover damages, as are available to MANNATECH under applicable law or otherwise. Any subsequent delivery of Powder to MANNATECH after any default by ITS SUPPLIER under this Agreement shall not constitute a waiver of any rights of MANNATECH arising out of such prior default; nor shall MANNATECH’S failure to insist upon strict performance of any provision of this Agreement be deemed a waiver by MANNATECH of any of its rights or remedies hereunder or under applicable law or a waiver by MANNATECH of any subsequent default by ITS SUPPLIER in the performance of or compliance with any of the terms of this Agreement.
MANNATECH’S Rights Upon Default
MANNATECH’S Rights Upon Default