Suspension of Seller's rights Clause Samples

The 'Suspension of Seller's rights' clause allows the buyer or another party to temporarily halt certain rights or privileges that the seller would otherwise have under the contract. This suspension typically occurs if the seller breaches specific obligations, such as failing to deliver goods on time or not meeting quality standards. By enabling the suspension of rights, this clause provides a mechanism for the buyer to protect their interests and incentivizes the seller to comply with contractual terms, ultimately helping to address breaches without immediately resorting to contract termination.
Suspension of Seller's rights. The Seller must not, after being notified in writing by any Attorney that an Attorney intends to exercise any right conferred on it by this Deed (and provided that such right is then and remains exercisable), exercise that right without the written consent of the Trustee.