Common use of Effect of Delay Clause in Contracts

Effect of Delay. Failure or delay by Licensor to exercise its rights of termination hereunder by reason of any default by Licensee in carrying out any obligation imposed upon it by this agreement shall not operate to prejudice Licensor’s right of termination for any other subsequent default by Licensee.

Appears in 3 contracts

Sources: License Agreement (Cannabis Sativa, Inc.), License Agreement (Cannabis Sativa, Inc.), License Agreement (Cannabis Sativa, Inc.)