Common use of Breach, Rectification and Termination Clause in Contracts

Breach, Rectification and Termination. In the event that either Party is in material breach of its obligations under this Agreement, the aggrieved Party may terminate this Agreement upon notice to the other Party. Any notice served pursuant to this Clause shall give reasonable details of the material breach, which could include the following events: (a) If there is breach which translates into default in providing services by the Shelter Management Agency pursuant to the Agreement, continuously for more than one week, then the DUSIB, will serve a seven days notice to Shelter Management Agency for curing such breach. In case the breach continues after the notice period, the DUSIB will have the option to terminate this Agreement at the end of the notice period. (b) The right of the DUSIB to terminate this Agreement pursuant to this provision shall be without prejudice to any other rights and remedies available to the DUSIB including without limitation invoking the Performance Security.