any breach of this Contract which is set out in this Contract as being a material breach any breach of this Contract which is set out as a material breach of this Contract in the framework Agreement any material breach of this Contract under the Law and/or a breach which prevents the Customer from discharging a statutory duty.
Material Breach means: a breach by the Supplier referred to by this definition in any of the following Clauses: Clause 4 and FW-21 ( Warranties and Representations), FW-15 ( Conflicts of Interest and Ethical Walls), Clause 24 ( Disruption), Clause 7 ( Supplier Staff), Clause 19 ( IPR), FW-42 ( Data Protection and Disclosure), Clause 21 ( Confidentiality), FW-25 ( Publicity, Branding Media and Official Enquiries), FW-46 ( Official Secrets Acts), FW-40 ( Prevention of Bribery and Corruption), FW-45 ( Safeguarding against Fraud) and FW-15 (Conflicts of Interest and Ethical Walls) and Clause 40.7 ( Employment, Tax and National Insurance Liabilities). Upon termination of this Agreement other than due to material breach of ABSI pursuant to Section 13.2 (Termination for Material Breach), upon ABSI request and at HSB’s discretion, the Parties shall negotiate in good faith commercially reasonable terms for the transfer of rights to Exploit any Product then in Development or Commercialization to ABSI, including regulatory rights and Intellectual Property Rights for clarity, neither Party shall be obligated to enter into such an agreement.
Material Breach - Failure of the CONTRACTOR to maintain the insurance required by this agreement, or to comply with any of the requirements of this section, shall constitute a material breach of the entire agreement. In addition to all other available remedies, upon any termination or expiration of this Agreement pursuant to Section 13.1 (Term), by ABSI under Section 13.2 (Termination for Material Breach), or by HSB under Section 13.5 (Termination at Will) or Section 13.2 (Termination for Material Breach), all licenses granted to HSB pursuant to this Agreement (or the specific Target or Product as the case may be) will terminate entirely and immediately and all rights under such licenses shall revert to ABSI.Īccordingly, by Notice, dated August 14, 2020, NDA provided Notice of Material Breach of the NDA Operating Agreement to AM Newspaper and the Newman Group, giving them ten (10) days to cure as required in the NDA Operating Agreement and First Amendment. Examples of Material Breach in a sentence
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