Common use of Withdrawal from Agreement Clause in Contracts

Withdrawal from Agreement. 1. Should any of the Contracting Parties substantially breach their obligations, the other Party may, without undue delay, withdraw from the Agreement entered. A substantial breach of obligation is such that was already known to the Party breaching the Agreement at the time of entering the Agreement or, if the Party breaching the Agreement knew that the other Party would not have entered the Agreement had they anticipated the breach; in other cases, the breach is not considered substantial. For the purpose of these GToD, the substantial breach of obligation particularly includes Supplier’s default in executing the delivery by more than 30 days unless expressly agreed otherwise in the written Agreement.