Remedy of breach. In the event that a party (the First Party) is in breach of a term of this Agreement, the other party (the Second Party) may: (i) if the breach is capable of being remedied, issue to the First Party written notice requiring that breach to be remedied and specifying a reasonable period for remedy of no less than 14 days. Any failure to remedy the breach within the required period is a material breach. If the First Party has not remedied the breach within the period specified in the notice, then the Second Party may terminate this Agreement immediately by sending the First Party a written notice, or (ii) if the breach is incapable of being remedied, issue to the First Party written notice of termination with immediate effect.
Appears in 4 contracts
Samples: Milk Supply Agreement, Milk Supply Agreement, Milk Supply Agreement
