Common use of Termination and Cancellation Clause in Contracts

Termination and Cancellation. Buyer by thirty (30) days’ advanced written notice to Seller may terminate this Agreement for the sole convenience of Buyer with respect to any or all portion of the Products/Services not delivered at the time notice of such termination is given to Seller. In the event Buyer gives such notice, Seller shall immediately stop all work hereunder. Without limiting the foregoing, Buyer may terminate this Agreement immediately if Seller becomes insolvent, fails to pay its bills as due or makes an assignment for the benefit of its creditors or fails to perform any of its obligations under this Agreement.

Appears in 6 contracts

Samples: University Master Purchase Agreement, Wesleyan University Master Purchase Agreement, Master Purchase Agreement

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