Common use of Rejection of Claim Clause in Contracts

Rejection of Claim. A party to this Agreement (the "RECIPIENT") to which the other party (the "CLAIMANT") notifies a claim under this Agreement on account of Damages which do not result from a claim to a third party (a "DIRECT CLAIM") will have a period of 30 calendar days within which to respond in writing to such Claim. If the Recipient does not respond within such 30 calendar day period, the Recipient will have been deemed to have rejected such claim, in which event the Claimant will be free to pursue such remedies as may be available to the Claimant subject to the terms and provisions of this Agreement.