Common use of – Partial Termination by Licensor Clause in Contracts

– Partial Termination by Licensor. If Acquisition is in breach or default of the terms or conditions contained in this Agreement and does not rectify or remedy that breach or default within 90 days from the date of receipt of notice by Licensor requiring that default or breach to be remedied, then Licensor, may alter the License granted by this Agreement with regard to its exclusivity, its territorial application or other potential restrictions on its application.

Appears in 4 contracts

Sources: Licensing Agreement (Accelera Innovations, Inc.), Licensing Agreement (Accelera Innovations, Inc.), Licensing Agreement (Accelera Innovations, Inc.)