Common use of Contract Penalty Clause in Contracts

Contract Penalty. In the event of any breach of this Agreement, Licensor may, in its sole discretion, decide to suspend or terminate any further business with Licensee including, but not limited to: (1) canceling any of Licensee’s open orders for Licensor’s product; and (2) rejecting any and all future orders by Licensee for Licensor’s product.

Appears in 2 contracts

Sources: Promotional Product License Agreement, Promotional Product License Agreement