Common use of Termination and cancellation of the Agreement Clause in Contracts

Termination and cancellation of the Agreement. a. Either Party is entitled to terminate this Agreement upon thirty (30) days’ written notice to the other party, with or without cause. b. Notwithstanding the preceding provisions, this Agreement shall terminate de jure, upon written notice with immediate effect; at any time should either party become insolvent or entering into a reorganization procedure. Such termination shall be without prejudice to the contractual obligations and liabilities of either party accrued and due prior to the effective date of termination.

Termination and cancellation of the Agreement. a. Either 1. The parties agree that this Agreement shall be automatically terminated or canceled in the event of any of the following circumstances: (1) Expiration of the confidentiality period; (2) Declaration of declassification by Party is entitled to A; (3) Public disclosure of Party A’s Confidential Information. 2. During Party B’s employment with Party A, Party A may terminate this Agreement upon thirty (30) days’ written notice to the other party, with or without cause. b. Notwithstanding the preceding provisions, this Agreement shall terminate de jure, upon written notice with immediate effect; at any time should either party become insolvent or entering into a reorganization procedure. Such termination shall be by providing Party B with written notice at least 5 working days in advance, without prejudice being obligated to the contractual obligations and liabilities of either party accrued and due prior pay any economic compensation to the effective date of termination.Party B.