Recession Clause Samples
The Recession clause defines the circumstances under which a contract or agreement may be rescinded, effectively canceling the obligations of the parties involved. Typically, this clause outlines specific events or breaches—such as misrepresentation, fraud, or failure to perform—that would justify rescinding the contract. By providing a clear mechanism for unwinding the agreement, the Recession clause protects parties from being bound to unfair or compromised arrangements, ensuring that there is a remedy available if fundamental issues arise.
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Recession. 16.1. The CUSTOMER may terminate this Licence, for any reason, at any time via the website where the subscription was made or by notifying JANBY through the JANBY contact channels. In such event, you shall immediately return the relevant Hardware and licences.
16.2. Notwithstanding the foregoing, the CUSTOMER shall remain liable for those acts that he/she has undertaken in the use of the Software. Likewise, its obligations will persist once the Licence has been terminated with respect to its acts using the Software, and in particular with respect to damages or harm to JANBY and/or third parties.
16.3. JANBY may terminate any licence with or without cause, at any time, with or without notice, whereupon the User must cease use of the Software, and in particular for the User's breaches of this Agreement.
Recession. Buyer and Seller agree that the Termination Notice shall be deemed rescinded and of no force or effect. Accordingly, the parties agree that Escrow Holder and Seller shall treat the Termination Notice as if the same was never delivered.
Recession. You acknowledge that you have a right to rescind within seven (7) calendar days of signing this Release to reinstate federal claims under the Age Discrimination in Employment Act and within fifteen (15) days of signing this Release to reinstate claims under the Minnesota Human Rights Act. In order to be effective, the rescission must: (a) be in writing; and (b) delivered to Nuvera Communications, Inc. – Attn: Human Resources Manager, by hand or by mail at ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ within the required period; and (c) if delivered by mail, the rescission must be postmarked within the required period, properly addressed to Company and sent by certified mail, return receipt requested. This Release will be effective upon the expiration of the fifteen (15) day period without rescission. You understand that if you rescind this Release, you will not receive the amounts described in Section 4 of the Agreement.
Recession. You may rescind this Agreement within 10 days of signing it by sending written notice by registered or certified mail to the Provider. The effective date of the rescission notice will be the date the rescission is postmarked. If not rescinded, this Agreement will govern all medical services received by the Patient from Provider after the date of signing, except in the case of a Joined Party that provided care prior to the signing of agreement (see Article 4(E)).