Resignation for change of control. [PART B] may terminate the agreement with immediate effect by notification to [PARTY A] in the event of a change of control of [PARTY A]. For example, termination clauses are often used in master-swap contracts. In that case, they define certain circumstances in which a party is no longer financially able to conclude the swap transaction. Breach- If one of the contracting parties does not fulfil its contractual obligations, this is a breach. Accordingly, the non-injuring party has the right to recover its losses. An agreement is necessarily reached between two parties, two parties negotiating for each of them to do something for the other or the advance. In some cases, the exact identity of a party does not matter. For example, any widget delivery could provide you with a certain number and type of widgets.
The exact id of the provider is less important than its ability to provide widgets. On the other hand, if you hire an artist you want to design to design your logo or paint a picture, you want that particular part to include the work. Here, the exact id of the party is important, it is essential to the agreement. each governmental authority issues an order that limits or will order transactions under this Agreement. End of application. This Agreement shall terminate with the distribution of all units of the Trust under this Agreement, under which [PARTY C] no longer has any other obligations or responsibilities. Even if a business-to-business contract does not contain an explicit right of termination (e.g. B a termination or interruption clause), implied rights may exist to obtain a contractual termination of the contract.