Common use of Withdrawal or Termination Clause in Contracts

Withdrawal or Termination. The Collaborating Institution may withdraw its support for this MOU by giving not less than a one year written notice to the Collaboration. In such an event, appropriate resolution of the Collaborating Institution’s M&O responsibilities will be negotiated by the Host Institution and ratified by the Collaboration. In the event that one of the Parties commits any breach or default in any of the terms or conditions of this MOU, the Parties will make an effort to resolve the issue. If this fails, the Host Institution will send notice to the Collaboration. In such an event, appropriate resolution will be negotiated through the Collaboration, with consultation with the IOFG as appropriate.