Common use of RIGHT TO ASSURANCES Clause in Contracts

RIGHT TO ASSURANCES. 16.1 Should either party, in good faith, have reason to question the other party’s intention to perform, it may demand written assurance from the other party of its intent to perform. In the event that the demand is made and assurances are not given within a reasonable period of time not exceeding one (1) week after receipt of such demand, the party making such demand may treat this failure as a repudiation of the Order.