Common use of Supplier Default Clause in Contracts

Supplier Default. If the Supplier: (a) breaches any obligation or undertaking under the Contract and fails to remedy it within 7 days of the Company’s written request to do so; or (b) becomes insolvent, then the Company may, without prejudice to any other rights it may have, including to claim damages, terminate the Contract with immediate effect.

Appears in 3 contracts

Sources: Purchase Order, Purchase Order Terms and Conditions, Purchase Order Agreement