Common use of Wilful Default Clause in Contracts

Wilful Default. In the event of Wilful Default by either of the Parties (or their respective employees or agents), the relevant Party shall have unlimited liability to the other Party for all reasonably foreseeable Losses suffered by the relevant Party in respect of any claims of liability arising out of the Wilful Default of the other Party, its employees or agents. Claim for Commission not limited: Nothing in this Framework Agreement shall limit the right of the Authority to claim from the Supplier any Commission properly due to the Authority in accordance with the terms of this Framework Agreement. Any such sum shall not be included within the Supplier’s limitation of liability as set out in Clause 14.2. Term, suspension and termination Term: This Framework Agreement commences on the date of this Framework Agreement (the Effective Date) and remains in force for a period of four (4) Years from the First Supply Start Date (the Expiry Date) unless this Framework Agreement is terminated in accordance with this Clause 15 (the Term).