Potential Breach Sample Clauses
The Potential Breach clause defines the procedures and obligations that arise when one party suspects that a breach of contract may occur. Typically, this clause requires the party who identifies a potential breach to notify the other party in writing, outlining the circumstances and possible consequences. It may also set out steps for investigation, discussion, or remedial action before a formal breach is declared. The core function of this clause is to provide an early warning system, allowing parties to address and resolve issues proactively, thereby minimizing disruption and reducing the risk of escalation to a full contractual dispute.
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Potential Breach. 1. Contractor shall report any Potential Breach within 72 hours of detection to the DOJ CO and the COR, unless Contractor has
(a) completed its investigation of the Potential Breach in accordance with its own internal policies and procedures for identification, investigation and mitigation of Security Incidents and (b) determined that there has been no Confirmed Breach.
2. If Contractor has not made a determination within 72 hours of detection of the Potential Breach whether an Confirmed Breach has occurred, Contractor shall report the Potential Breach to the DOJ CO and COR within one-hour (i.e., 73 hours from detection of the Potential Breach). If the time by which to report the Potential Breach occurs outside of regular business hours and/or neither the DOJ CO nor the COR can be reached, Contractor must call the DOJ Computer Emergency Readiness Team (DOJ-CERT) at 1-866-US4-CERT (▇-▇▇▇-▇▇▇-▇▇▇▇) within one-hour (i.e., 73 hours from detection of the Potential Breach) and contact the DOJ CO and COR as soon as practicable.
Potential Breach. If any of the Vendors acquires any knowledge of any event or matter (whether or not occurring or existing before the signing of this Agreement) which is or might be or might reasonably be expected to lead to a breach of, or be inconsistent with, any of the Warranties or might give rise to a claim under the Deed of Indemnity or which results or might result in any of the Warranties being unfulfilled, incorrect, untrue or misleading or which would or might entitle the Purchaser to rescind this Agreement or claim damages under it, such Vendor shall at once disclose in writing to the Purchaser all that such Vendor knows about the event or matter in question. The Vendors shall make any investigations concerning the event or matter which the Purchaser may require.
Potential Breach. Each party will promptly notify the other party of the occurrence of any event, or the existence of any fact, of which such party becomes aware that results in the inaccuracy in any material respect of any representation or warranty of such party in this Agreement as of any time prior to the Closing, and such party will use its reasonable commercial efforts to cure such matter.
Potential Breach. Each party will use its reasonable best efforts to cure any breach or potential breach of this Agreement by such party.
Potential Breach. Each party will promptly notify the other parties of the discovery or occurrence of any event, condition, factor or circumstance that (a) results in the inaccuracy in any material respect of any representation or warranty of such party in this Agreement as of any time prior to the Closing; (b) results in or constitutes any breach of any covenant or obligation of such party in this Agreement as of any time prior to the Closing; or (c) may make the timely satisfaction of any of the conditions set forth in Section 6 impossible or unlikely, and such party will use its Reasonable Best Efforts to cure such matter.
Potential Breach. If Vendor becomes aware of a breach or potential breach of confidentiality or security by a Vendor Party relating to Ordered Services Vendor will: (a) immediately notify Company via email to Company’s Senior Director, Product & Portals Application Domain, (b) promptly and diligently investigate the breach or potential breach, (c) promptly inform Company of the investigation results, and (d) assist Company in remediating the breach or potential breach.