Common use of RESILIATION Clause in Contracts

RESILIATION. 9.1 This agreement may be terminated by any Party if another Party is in material breach of one or more of its obligations contained in this agreement if such Party fails to cure such breach within one (1) month following the date such written notice is sent to the breaching Party by registered mail, which notice shall include a detailed statement describing the nature of the breach. Termination of the Agreement does not affect the obligations of the breaching Party to perform up to the effective date of termination and is without prejudice to the other rights and remedies which may be available to the non-breaching Party with respect to the early termination of this Agreement. 9.2 The Parties may jointly agree to terminate the Agreement prior to the end of the agreed term.

Appears in 2 contracts

Sources: Material Transfer Agreement, Material Transfer Agreement