Common use of TERMINATION Clause in Contracts

TERMINATION. 8.1 This Agreement may be terminated by either party upon written notice if: - the other party makes an assignment for the benefit of its creditors, becomes insolvent or commits an act of bankruptcy or is the subject of any judicial or administrative proceeding launched in good faith relating to its bankruptcy or insolvency and all such situations of insolvency are not removed within thirty

Appears in 4 contracts

Samples: Licensing Agreement, Licensing Agreement, Licensing Agreement