THE UNDERSTANDING ON GENERAL MATTERS. It is understood that any Party may terminate its participation in the Project or the MOU, without liability, by providing formal written notice to the other Parties. This MOU shall commence on the last date of signature hereto and shall remain in full force and effect until the Detectors cease to operate or the Parties decide to put a new agreement in place in respect of the Project. Nothing in this MOU shall create, imply or evidence any partnership or joint venture between the parties or the relationship between them of principal and agent or employers and employee. The rights and remedies provided under this MOU are in addition to, and do not limit, any other rights or remedies provided by law. Each Party acknowledges and agrees that damages alone may not be an adequate remedy for breach by another Party and the non-defaulting Party shall be entitled to seek the remedies of injunction, specific performance or other equitable relief for any threatened or actual breach of those clauses. Unless it is expressly stated otherwise, this MOU does not give rise to any rights for a third party to enforce any of its terms. This MOU may be amended by the Parties without the need for any third party consent. This MOU is not exhaustive, is not intended to be legally binding between the Parties, and replaces the MOU for Advanced LIGO which was dated 4 May 2006.
THE UNDERSTANDING ON GENERAL MATTERS. It is understood that any Party may terminate its participation in the Project or the MOU, without liability, by providing formal written notice to the other Parties.
