Common use of Cancellation Without Fault of the Incubatee Clause in Contracts

Cancellation Without Fault of the Incubatee. 16.2.1 In the event of cancellation of this Contract by UoL, such as termination of the Prime Contract or the Subcontract between SIL and UoL, without any fault of the Incubatee, the Incubatee shall on receipt of UoL’s instructions for cancellation of this Contract, immediately take the necessary steps to implement the instructions. The period by which the Incubatee must implement such instructions shall be determined by UoL after consultation with the Incubatee.

Appears in 2 contracts

Sources: Business Incubation Contract, Business Incubation Contract