Common use of Unilateral Cancellation Clause in Contracts

Unilateral Cancellation. 10.2.1 The Investor shall have the right to cancel this Agreement and the Formal Transaction Documents then executed by relevant parties by giving a written notice pursuant to the provisions of Articles 3.2 and 3.3. 10.2.2 If the breach of any Party has made it impossible to fulfill the fundamental purpose of this Agreement and the Transaction, the non-breaching party shall have the right to demand the early cancellation of this Agreement and the Formal Transaction Documents then executed by relevant parties. 10.2.3 If the Investor delays in paying the Deposit pursuant to Article 2.3.1(3) hereof for more than seven (7) Business Days, the Founders shall be entitled to cancel this Agreement and the Formal Transaction Documents then executed by relevant parties by giving a written notice to the Investor.