Common use of Breach of Terms Clause in Contracts

Breach of Terms. In the event either party materially breaches any of the material terms of this Agreement or its extension(s), the non-breaching party shall notify the breaching party and the breaching party shall have thirty (30) days to correct the breach. If said breach is not remedied within such period, the non-breaching party shall then have the right to terminate this Agreement immediately upon written notice without further obligation to the breaching party.

Appears in 4 contracts

Samples: Purchasing Agreement (Innophos Investment Holdings, Inc.), Purchasing Agreement (Innophos Holdings, Inc.), Purchasing Agreement (Innophos Investment Holdings, Inc.)

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