Transferred Contracts. 3.1 Each of the Transferred Contracts is valid and enforceable in accordance with its terms. Neither the Seller, nor any other party thereto is in default with respect to any provisions thereof. No event has occurred which, with or without the giving of notice or lapse of time, or both, would constitute a default thereunder.
Appears in 5 contracts
Samples: Services Agreement (Crailar Technologies Inc), Asset Purchase Agreement (Crailar Technologies Inc), Services Agreement (Crailar Technologies Inc)