Termination for Default by Either Party. Either party may terminate the Agreement for default based on a material breach by the other party that is not cured within fourteen (14) days after written notice from the other party. The party terminating for default shall notify the other party in writing of the default termination, specifying the reasons for the termination.
Appears in 3 contracts
Samples: Development Agreement (Nanosys Inc), Development Agreement (Nanosys Inc), Development Agreement (Nanosys Inc)
Termination for Default by Either Party. Either party Party may terminate the this Agreement for default based on a material breach by if the other party that is Party materially breaches this Agreement and does not cured within cure the breach to the reasonable satisfaction of the non-breaching partywithin fourteen (14) days after written notice from the other party. The party terminating for default shall notify the other party in writing of the default termination, Party specifying the reasons for the terminationalleged breach.
Appears in 1 contract
