Walk Right Sample Clauses
The "Walk Right" clause grants one or both parties the ability to terminate an agreement before its natural expiration, typically without the need to prove breach or cause. In practice, this clause may require advance written notice—such as 30 or 60 days—before the termination becomes effective, and may or may not involve a penalty or fee for early exit. Its core function is to provide flexibility and reduce risk by allowing parties to exit the relationship if circumstances change or if the arrangement is no longer beneficial.
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Walk Right. If the aggregate Allocated Value of the Assets affected by Defective Interests and Conditions (as defined and described in Article VI) exceeds an amount equal to fifteen percent (15%) of the Purchase Price, then both Seller and Buyer shall have the right to terminate this Agreement by written notice to the other party and, upon such termination, each party shall be released from all further obligations under this Agreement.
