By Aussie Clause Samples
By Aussie. (a) This Agreement may be terminated immediately at any time by us giving notice to you if any of the following events occur:
(i) subject to clause 17.1(b) below, you breach any term of this Agreement, or an Aussie Broker or Associate does not comply with any of their obligations which mirror your obligations under this Agreement and the breach or failure is not rectified within the period notified to you, and specified by, Aussie;
(ii) subject to clause 17.1(b), below, you breach any of Aussie’s Policies or an Aussie Broker or Associate engages in conduct which is inconsistent with Aussie Policies and the breach or inconsistent conduct is not rectified within the period notified to you, and specified by, Aussie;
(iii) you go into liquidation, are wound up, dissolved, are placed under official management or external administration or enter into a scheme or arrangement with any of your creditors;
(iv) you have a Change of Control as defined by clause 21 without Aussie’s consent;
(v) you cease to employ or contract the Aussie Broker or the Aussie Broker is made bankrupt, jailed, or dies;
(vi) you, the Aussie Broker or any Associate commits any breach of faith, default, fraud, misconduct, dishonesty; or series neglect of duty;
(vii) subject to the UCT Qualification you, the Aussie Broker or any Associate engages in any conduct that is in the sole opinion of Aussie likely to injure Aussie's reputation or commercial interests;
(viii) you do not comply with the Additional Requirements and the breach or failure is not rectified within the period notified to you, and specified by, Aussie; or
(ix) you, the Aussie Broker or any Associate fails to obtain or maintain Accreditation or your Accreditation or the Accreditation of the Aussie Broker or any Associate is removed or cancelled by Aussie, any Supplier or professional organisation.
(b) Subject to the UCT Qualification, Aussie is not required to provide a period for rectification where Aussie has reasonable grounds to consider that the breach, failure or consistent conduct is:
(i) detrimental to the best interests of Aussie and any Related Body Corporate of Aussie;
(ii) is incapable of being rectified;
(iii) detrimental to the Purpose.
(c) You are required to advise us immediately if any of the events specified in clause 17.1(a) occur.
By Aussie. (a) Aussie may assign the rights and/or novate the liabilities under this Agreement to any body corporate which is a Related Body Corporate of Aussie.
(b) In the event that Aussie chooses to assign or novate all or part of its rights or liability under this Agreement the Contractor consents to the assignment or novation, waives any requirements for prior notice and agrees to execute any deed or other document acknowledging its consent.