Right to Terminate for Material Breach. Each Party has the right, without prejudice to its other rights or remedies, to terminate this Agreement immediately, by written notice to the other Party if the other Party is in material breach of its obligations under this Agreement and either it fails to remedy that breach within sixty (60) days after receiving written notice from the other Party or that the breach is incapable of remedy; provided, however, that the Agreement shall be partially terminated with respect to the relevant Party and this Agreement shall remain in force between the non-breaching Parties.
Appears in 2 contracts
Samples: Intellectual Property License Agreement, Intellectual Property License Agreement (AeroVironment Inc)
Right to Terminate for Material Breach. Each Party has the right, without prejudice to its other rights or remedies, to terminate this Agreement immediately, by written notice to the other Party if the other Party is in material breach of its obligations under this Agreement and either it fails to remedy that breach within sixty (60) days after receiving written notice from the other Party or that the breach is incapable of remedy; provided, however, that the Agreement shall be partially terminated with respect to the relevant Party and this Agreement shall remain in force between the non-breaching Parties.
Appears in 2 contracts
Samples: Design and Development Agreement, Design and Development Agreement (AeroVironment Inc)
Right to Terminate for Material Breach. Each Either Party has the right, without prejudice to its other rights or remedies, to may terminate this Agreement immediately, by upon thirty (30) days prior written notice to the other Party if at any time during the Term in the event that the other Party is in hereto materially breaches any provision of this Agreement, and fails to cure such material breach of its obligations under this Agreement and either it fails to remedy that breach within sixty the thirty (6030) days after receiving written day notice from the other Party or that the breach is incapable of remedy; provided, however, that the Agreement shall be partially terminated with respect to the relevant Party and this Agreement shall remain in force between the non-breaching Partiesperiod.
Appears in 1 contract
