1Vendor’s Default Sample Clauses
The 'Vendor’s Default' clause defines the circumstances under which the vendor is considered to have failed to meet their contractual obligations. Typically, this clause outlines specific actions or omissions—such as failing to deliver goods or services on time, not meeting quality standards, or breaching other key terms—that would constitute a default. It also often describes the process for notifying the vendor of the default and any remedies or consequences that may follow, such as the right for the purchaser to terminate the contract or seek damages. The core function of this clause is to clearly allocate responsibility and provide a structured response in the event the vendor does not perform as agreed, thereby protecting the interests of the purchaser and ensuring accountability.
1Vendor’s Default. In the event the vendor fails to comply with a provision of this Agreement (“Default”) and such Default has not been cured by the vendor within the time specified below for such cure, the City may immediately terminate this Agreement by delivering written notice of such termination to the vendor. The vendor shall have thirty (30) days to effect a cure of any Default involving the delivery of any Hardware or Software item that is to be delivered to the City and ten (10) days to effect a cure of any other Default. Each such cure period shall commence upon the vendor’s receipt of the City’s notice specifying such Default and demand for its correction.