Common use of Cancellation by Either Party Clause in Contracts

Cancellation by Either Party. Either party may terminate or cancel this License Agreement immediately upon written notice to the other party if the other party fails to perform any of its duties or obligations hereunder and fails to cure such default within thirty (30) days after receipt of written notice from the non-defaulting party specifying the occurrence or existence of the default. If Licensee is in default, Licensor reserves the right, in addition to all other rights and remedies it may have, to withhold further performance of its obligations under this License Agreement and to repossess the Software and all related equipment and documentation.