Common use of Premature Termination Clause in Contracts

Premature Termination. During the term of this Agreement, Party B shall not terminate this Agreement, unless Party A is involved in any gross negligence, fraud or other illegal acts or goes bankrupt. Notwithstanding the foregoing, Party A may terminate this Agreement at any time upon prior thirty (30) days written notice to Party B. During the term of this Agreement, if Party B breaches this Agreement and fails to cure its breach within fourteen (14) days upon receipt of Party A’s written notice regarding such breach, Party A may inform Party B in writing to terminate this Agreement.

Premature Termination. During the term of this Agreement, Party B shall not terminate this AgreementAgreement prematurely, unless Party A is involved in except any gross negligence, fraud or other illegal acts act or goes bankrupt. bankruptcy on the part of Party A. Notwithstanding the foregoing, Party A may terminate this Agreement at any time upon prior thirty (30) 30 days written notice to Party B. During the term of this Agreement, if Party B breaches this Agreement and fails to cure its breach within fourteen (14) days upon receipt of Party A’s written notice regarding such breach, Party A may inform Party B in writing to terminate this Agreement.B.