Common use of Extension and Termination Clause in Contracts

Extension and Termination. Where the parties agree in writing, the Term will be extended to a new End Date to facilitate any extension of the Student’s work on the Research Project. The Industry Partner and the University shall be entitled to terminate this Agreement with immediate effect, by notice in writing to the Student and the other party, in the event that the Student breaches clause 4. This Agreement or a party’s involvement in the Research Project may otherwise be terminated at any time by any party by written notice to the others if: any other party breaches a term of this Agreement and fails to remedy the breach within 30 days after receiving written notice requiring it to do so; or the Student is no longer enrolled in the Degree at the University. If this Agreement or the Student’s involvement in the Research Project is terminated for any reason: the Student’s right of access to the Location also terminates; the Student must immediately return all Industry Partner and University property in the Student’s possession, including any keys and access cards; the Student or the University will not be required to repay any portion of the Scholarship already paid and the Industry Partner will not be required to repay any portion of the Additional Payment already paid; and the Student retains the right to use the Results and Confidential Information solely to complete the Student’s Thesis or academic requirements for candidature unless the Agreement is terminated for the Student’s breach of clause 4, 7 or 9. Clauses 7.1, 7.3, 7.4, 7.6, 7.6, 8, 9, 11 and 16 survive expiry or termination of this Agreement.