Common use of RIGHT TO ASSURANCES Clause in Contracts

RIGHT TO ASSURANCES. Whenever Buyer in good faith has reason to question Seller's intent to perform, he may demand in writing that Seller give a written unqualified assurance of his intent to perform. In the event that no assurance is given within five (5) days of such demand, Buyer may treat Seller's failure to provide such assurance as an anticipated repudiation of the purchase order.