Common use of Voidability of Contract Clause in Contracts

Voidability of Contract. This subcontract is voidable and subject to immediate termination by CPSA upon Contractor becoming insolvent or filing proceedings in bankruptcy or reorganization under the United States Code, or upon assignment or delegation of the subcontract without the prior written approval of CPSA.

Voidability of Contract. This subcontract Subcontract is voidable and subject to immediate termination by CPSA upon Contractor becoming insolvent or filing proceedings in bankruptcy or reorganization under the United States Code, or upon assignment or delegation of the subcontract Subcontract without the prior written approval of CPSA.