Insolvency or Dissolution. Owner, at its sole discretion, may terminate this Agreement if: a) Licensee becomes insolvent, declares bankruptcy, or fails to make any payment required by this Agreement within thirty (30) days of its due date; or b) Licensee dissolves or attempts to dissolve either voluntarily or involuntarily.
Appears in 2 contracts
Sources: Patent License Agreement (INverso Corp), Patent License Agreement (INverso Corp)