Common use of TERMINATION A Clause in Contracts

TERMINATION A. UPON BREACH In the event that either party is in breach of any of its obligations hereunder, the other party will give prompt written notice detailing the nature of the breach. The breaching party shall have thirty (30) days from such notice of breach to take whatever action is necessary to cure the breach. In the event that the breach is 1) not cured within the thirty (30) day period; or 2) the parties do not agree in writing on an extension of the period to cure, this Agreement will terminate at the end of the thirty (30) day period.

Appears in 2 contracts

Sources: Cooperative Agreement (Tera Computer Co \Wa\), Cooperative Agreement (Tera Computer Co \Wa\)