Termination clause
Termination clause

The following Commercial precedent provides comprehensive and up to date legal information covering:

  • Termination clause

    1. 1

      Termination

      1. 1.1

        This Agreement may be terminated by either party giving a minimum of [enter number] months’ notice in writing to the other party, such notice not to expire prior to the [enter number eg first] anniversary of the date of this Agreement.

      1. 1.2

        Either party may terminate this Agreement at any time by giving notice in writing to the other party if:

        1. 1.2.1

          the other party commits a material breach of this Agreement and such breach is not remediable;

        1. 1.2.2

          the other party commits a material breach of this Agreement which is not remedied within [14] days of receiving written notice of such breach;

        1. 1.2.3

          the other party has failed to pay any amount due under this Agreement on the due date and such amount remains unpaid within [30] days after the other party has received notification that the payment is overdue; or

        1. 1.2.4

          any consent, licence or authorisation held by the other party is revoked or modified such that the other party is no longer able to comply with its obligations under this Agreement or receive any benefit to which it is entitled.

      1. 1.3

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