What is a Remedies/Effect of Event of Default – Right to Terminate the Agreement clause?..
It is important to have the option to terminate the agreement if there is some sort of material breach (i.e. non-payment of fees, or disparagement of one party by the other, breach of confidentiality provisions) Parties may also wish to terminate if they have some sort of conflict or falling out. Parties may want to include a mechanism whereby a list of referrals and possible referrals are included and given by the referring party to the counterparty so that the counterparty may have an idea of where the referring party is at in terms of eligible referrals. This mechanism will help the counterparty from circumventing any of the leads generated by the referring party. On breach there may be a requirement to exclude commissions
Blogs related to this clause:
Can emails be considered confidential information, and therefore can come under the obligation to return or destroy?
June 1 2017
COURT ORDERS DELETION OF CONFIDENTIAL EMAILS Pakage Apparel Inc [...]
September 3 2015
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