Common use of Termination Clause in Contracts

Termination. 34.1: Termination procedure in the event of contractual non-performance In the event of failure to perform one of its obligations, the other Party may terminate these Merchant Partnership Terms and Conditions ipso jure, subject to compliance with the following procedure: The complaining party will send the defaulting party a registered letter with acknowledgement of receipt stating the failure, and requiring the latter to rectify it within three weeks. If, at the end of this period, the defaulting party has not fulfilled all its obligations and has not demonstrated that its failure is due to force majeure, as specified by Article 1218 of the French Civil Code, the complaining party may terminate the Merchant Partnership Terms and Conditions ipso jure.