Common use of Default Termination Clause in Contracts

Default Termination. A. In the event either party shall default in any of the covenants, agreements, commitments, or conditions herein contained, and any such default shall continue unremedied for a period of thirty (30) days after written notice thereof, the non- defaulting party may, at its option and in addition to all other rights and remedies which it may have at law or in equity against the other party, including expressly the specific enforcement hereof, forthwith have the cumulative right to immediately terminate this contract and all rights under this contract.

Appears in 10 contracts

Samples: Collaboration Agreement, Collaboration Agreement, Collaboration Agreement

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Default Termination. A. In the event either a party shall default in any of the covenants, agreements, commitments, commitments or conditions herein contained, the other party shall give written notice of such default, and if any such default shall continue unremedied for a period of thirty ten (3010) days after written notice thereof, the non- non-defaulting party may, at its option and in addition to all other rights and remedies which it may have at law or in equity against the other partyequity, including expressly the specific enforcement hereof, forthwith have the cumulative right to immediately terminate this contract Agreement and all rights of the defaulting party under this contractAgreement.

Appears in 1 contract

Samples: Cooperation Agreement

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