Common use of Avoidance Clause in Contracts

Avoidance. If payment is delayed by more than 3 months SANOVO shall be entitled to terminate the Agreement by notice in writing to the Buyer and, in addition to the interest and compensation for recovery costs according to this Clause, to claim compensation for the loss he incurs. Such compensation shall not exceed the agreed purchase price.

Appears in 3 contracts

Sources: General Terms for Delivery of Equipment Including Installation, Supply Agreement, Supply Agreement