Any one of us can terminate this agreement of our Terms & Conditions if the other Party defaults regarding this mutual agreement. Meaning the lack of performance of any material duties and obligations such as continuous missing of deadlines or any other cause that may be harmful to any of our businesses.
However, the defaulting party should be given thirty (30) calendar days from the day of notice to fix the issue.
Also, either party may immediately terminate this agreement of our Terms & Conditions by:
- Giving written notice to the other party if the other party is insolvent,
- Or has a petition brought by or against it under the insolvency laws of any jurisdiction,
- If the other party makes an assignment for the benefit of creditors,
- If a trustee or similar agent is appointed on any property or business of the other party,
- In your case, you materially breaches its obligations to make payment under this agreement of our Terms & Conditions.
