Common use of Right to Terminate for Cause Clause in Contracts

Right to Terminate for Cause. A Party may immediately terminate this Agreement and any Order by giving notice in writing to the other Party if the other Party is, becomes, or is at immediate and serious risk of becoming, subject to an Insolvency Event or the other Party is in breach of a material form of this Agreement, and that breach is incapable of remedy, or has not been remedied within 20 Business Days after notification of the breach by the other Party providing details of the breach and requiring it to be remedied within that time.

Appears in 4 contracts

Samples: Terms of Agreement, Terms of Sale, Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.