Common use of Termination by Deswik Clause in Contracts

Termination by Deswik. Without prejudice to any rights or remedies of Deswik, Deswik may, by at least seven (7) days’ notice in writing to the Client, terminate this Agreement if: the Client fails to pay an undisputed invoice within 30 days of receipt of that invoice and persists in that failure for a period of 14 days after receipt of notice given by Deswik to the Client; the Client breaches its obligations under this Agreement and: the breach is not capable of remedy; if capable of remedy, the breach is not remedied within 30 days of receipt of written notice by the Client requiring the breach to be remedied, unless the breach, having regard to its nature and importance does not justify termination; or an Insolvency Event occurs in respect to the Client. Either party may terminate this agreement at any time by giving 30 days’ notice to the other party. Termination of this Agreement does not affect any accrued right or liability of either party nor will it affect the coming into force or the continuation in force of any provision of this Agreement that is expressly or by implication intended to come into or continue in force on or after the termination. The Client must promptly pay to Deswik all money due and owing as at the date of termination of this Agreement. Deswik must promptly deliver up or return to the Client the Confidential Information including documents, reports and records of the Client's in Deswik's possession, custody or control. The Client must promptly deliver up or return to Deswik the Confidential Information including documents, reports and records of Deswik in the Client's possession, custody or control.

Termination by Deswik. Without prejudice to any rights or remedies of Deswik, Deswik may, by at least seven (7) days’ notice in writing to the Client, terminate this Agreement if: the Client fails to pay an undisputed invoice within 30 days of receipt of that invoice and persists in that failure for a period of 14 days after receipt of notice given by Deswik to the Client; the Client breaches its obligations under this Agreement and: the breach is not capable of remedy; if capable of remedy, the breach is not remedied within 30 days of receipt of written notice by the Client requiring the breach to be remedied, an Insolvency Event occurs in respect to the Client. Commercial in Confidence unless the breach, having regard to its nature and importance does not justify termination; or an Insolvency Event occurs in respect to the Client. Either party may terminate this agreement at any time by giving 30 days’ notice to the other party. Termination of this Agreement does not affect any accrued right or liability of either party nor will it affect the coming into force or the continuation in force of any provision of this Agreement that is expressly or by implication intended to come into or continue in force on or after the termination. The Client must promptly pay to Deswik all money due and owing as at the date of termination of this Agreement. Deswik must promptly deliver up or return to the Client the Confidential Information including documents, reports and records of the Client's in Deswik's possession, custody or control. The Client must promptly deliver up or return to Deswik the Confidential Information including documents, reports and records of Deswik in the Client's possession, custody or control.