Common use of TERMS OF AGREEMENT AND AMENDMENT Clause in Contracts

TERMS OF AGREEMENT AND AMENDMENT. 5.1 This Agreement shall run from the date of this Agreement and shall remain in force until xxx insert year of expiry unless terminated by either Party in accordance with the provisions of this clause 5. Any revisions to this Agreement must be approved in writing by both Parties. Either Party may request a review of this Agreement at any time. 5.2 This Agreement may be terminated by either Party at any time giving 3 months written notice to the other, or by either Party immediately should the other Party commit material breach of the terms of this Agreement or should the other Party become bankrupt or enter into liquidation or other form of formal winding up. 5.3 For the avoidance of doubt, should grounds exist to terminate this Agreement through material breach but an opportunity is given to the Party in breach to remedy that breach, then this shall not be regarded as the innocent Party having waived the right to terminate at a later date should the Party in breach fail to remedy that breach without delay and in the time and manner (if any) specified. 5.4 Should either Party terminate this Agreement in accordance with Clause 5.2, there will be no new admissions of students onto the programmes listed in the Schedule. The following obligations shall survive until all registered students already on the programmes listed in the attached Schedules at the date of termination have completed their course of study at the University and the Partner: a) Both Parties shall perform in full their obligations under this Agreement. b) Both Parties shall make every reasonable effort to support the existing cohort of students. 5.5 In the event of this Agreement being terminated by either Party students already studying at the Partner will qualify for consideration for progression provided they are suitably qualified at the end of their programme of study at the Partner, however the University reserves the right to offer reasonable alternative programmes of study to those programmes listed in the Schedule if such programmes can no longer be offered.