Project Cancellation definition

Project Cancellation. Both the parties must abide by all the terms/obligations/assurances/responsibilities agreed to in this agreement other than those explicitly relieved from due to the project cancellation. Both the parties shall remain liable for respecting and maintaining the copyrights, IP rights, confidential information owned the parties and the mutual non-solicitation agreement after the project cancellation.
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Examples of Project Cancellation in a sentence

  • This Agreement shall automatically terminate without any further demand and without liability of any Party to the others upon the first to occur of the following events: No EUROGIA label awarded to the Project; Cancellation of the Project; Should any Party enter into bankruptcy or liquidation or any other arrangement for the benefit of its creditors, if the other Parties decide, subject to approval by the EUROGIA+ Board, to terminate the Project.

  • This Agreement shall automatically terminate without any further demand and without liability of any Party to the others upon the first to occur of the following events: No EUROGIA+ label awarded to the Project; Cancellation of the Project; Should any Party enter into bankruptcy or liquidation or any other arrangement for the benefit of its creditors, if the other Parties decide, subject to approval by the EUROGIA+ Board, to terminate the Project.

  • Upon the receipt of a Project Cancellation Notice, the Company shall promptly cease the performance of the Research in the conduct of the Project (the date of the receipt of the Project Cancellation Notice by the Company shall hereinafter be referred to as the "Project Cancellation Date").

  • This Agreement shall automatically terminate without any further demand and without liability of any Party to the others upon the first to occur of the following events: No label awarded to the Project; Cancellation of the Project; Should any Party enter into bankruptcy or liquidation, if the other Parties decide, subject to approval by the Board, to terminate the Project.