TERMINATION BY SELECTICA Clause Samples
The 'Termination by Selectica' clause grants Selectica the right to end the agreement under specified circumstances. Typically, this clause outlines the conditions or events that would allow Selectica to terminate, such as breach of contract by the other party, insolvency, or failure to meet certain obligations. By clearly defining Selectica's ability to terminate, the clause provides a mechanism for the company to protect its interests and exit the agreement if necessary, thereby managing risk and ensuring contractual flexibility.
TERMINATION BY SELECTICA. If Customer defaults in the performance of or compliance with any of its obligations under this Agreement, and such default has not been remedied or cured within thirty (30) days after SELECTICA gives Customer written notice specifying the default (or immediately in the case of a breach of Section 2), SELECTICA may terminate this Agreement and any licenses. Termination is not an exclusive remedy and all other remedies will be available whether or not termination occurs.