Common use of Termination by Parties Clause in Contracts

Termination by Parties. If either Party breaches a material provision of this Agreement and does not cure that breach within thirty (30) days after receiving from the other Party written notice in accordance with the terms of this Agreement, the non-breaching Party shall have the right, subject to Section 12.6, to: (i) suspend performance or payment until the breach is cured; (ii) terminate this Agreement; or (iii) seek such other remedies as are available at law or equity and are not limited by the terms of this Agreement.

Appears in 4 contracts

Samples: Technology License Agreement (Sonics, Inc.), Technology License Agreement (Sonics, Inc.), Technology License Agreement (Sonics, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!