Common use of Notice of Intent to Terminate Clause in Contracts

Notice of Intent to Terminate. Except as otherwise provided in this section, a xxxxxx shall provide a wholesaler with at least ninety days prior written notice of any intent to amend, terminate, cancel, or not renew any agreement. The notice must state all the reasons for the intended amendment, termination, cancellation, or nonrenewal. The wholesaler has ninety days after receiving notice in which to rectify any claimed deficiency. If the deficiency is rectified within ninety days of notice, the proposed amendment, termination, cancellation, or nonrenewal is void. The notice provisions of this section do not apply if the reason for the termination, cancellation, or nonrenewal is:

Appears in 6 contracts

Samples: Wholesaler And, Wholesaler And, Wholesaler And

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