Common use of Term Termination Survival Clause in Contracts

Term Termination Survival. a) This Agreement will commence on the effective date set forth in the Teaming/Lead Referral Form and will remain in effect until: (i) PBSI enters into a License with the End User and all fees due under the Teaming/Lead Referral Form are paid to the respective parties: (ii) PBSI rejects the Teaming/Lead Referral Form: or (iii) if no License is entered into, twelve (12) months following the effective date of the Teaming/Lead Referral Form, whichever occurs first (the “Term”), subject to Section 6(b). b) Either party may, at its sole option, terminate this Agreement: (i) immediately upon written notice to the other party if the other party commits a material breach of this Agreement and fails to cure such breach within thirty (30) days after receipt of such notice, or an additional period of time as agreed to by the parties; or

Term Termination Survival. a) This Agreement will commence on the effective date set forth in the Teaming/Lead Referral Form and will remain in effect until: (i) PBSI enters into a License with the End User and all fees due under the Teaming/Lead Referral Form are paid to the respective parties: (ii) PBSI rejects the Teaming/Lead Referral Form: or (iii) if no License is entered into, twelve (12) months following the effective date of the Teaming/Lead Referral Form, whichever occurs first (the “Term”), subject to Section 6(b7(b). b) Either party may, at its sole option, terminate this Agreement: (i) immediately upon written notice to the other party if the other party commits a material breach of this Agreement and fails to cure such breach within thirty (30) days after receipt of such notice, or an additional period of time as agreed to by the parties; or