Rescission for Breach Sample Clauses
The "Rescission for Breach" clause allows a party to terminate a contract if the other party fails to fulfill their contractual obligations. In practice, this means that if one side materially breaches the agreement—such as by failing to deliver goods or services as promised—the non-breaching party can cancel the contract and be released from further duties. This clause serves to protect parties from being bound to an agreement when the other side does not perform, providing a clear remedy and encouraging compliance with contractual terms.
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Rescission for Breach. Without prejudice to clause 6, if on or prior to Completion it should be found that:
Rescission for Breach. Each Party may rescind this Agreement at any time for a material breach of the Agreement by the other Party by giving written notice of immediate rescission delivered to the other Party, including, without limitation, a termination pursuant to Articles 8.3 and 8.4.