Common use of Option to Terminate Clause in Contracts

Option to Terminate. Either party may terminate this Agreement at any time after the first anniversary of the first shipment of GOODS hereunder, on not less than [*] advance written notice to the other party, for any reason whatsoever. Following the notice of termination given under this Section 7.3, SELLER will fully cooperate with BUYER to facilitate the timely and orderly transition of production capability to BUYER or a third party designated by BUYER upon the effective date of termination. In the event that BUYER desires technical or other assistance from SELLER following the effective date of termination hereunder, SELLER would make such assistance available at its standard rate for similar services.

Appears in 5 contracts

Samples: Supply Agreement (Corium International, Inc.), Supply Agreement (Corium International, Inc.), Supply Agreement (Corium International, Inc.)

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