Provision Language
13. DURATION AND TERMINATION
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13.2 A Party (“non-breaching party“) shall have the right to terminate this Agreement in the event the other Party (“breaching party“) is in material breach of any of its material obligations under this Agreement. The non-breaching party shall provide written notice to the breaching party. The breaching party shall have a period of 30 days after such written notice to cure such breach, or to provide a timeline to cure such breach to the satisfaction of the non-breaching party. If such breach is not cured within such period, or other agreed timeline, this Agreement will be deemed terminated with effect from the end of the period or timeline.
13.3 Additional termination rights:
13.3.1 MedinCell will have the right to terminate this Agreement by giving a written notice to MPP if the development of all Licensed Technology has stopped in agreement with UNITAID.
13.3.2 Either Party will have the right to terminate this Agreement if the other Party becomes insolvent, or if an order is made or a resolution is passed for its winding up (except voluntarily for the purpose of solvent amalgamation or reconstruction), or if an administrator, administrative receiver or receiver is appointed over the whole or any part of the other Party’s assets, or if the other Party makes any arrangement with its creditors or takes or suffers any similar or analogous action in any other jurisdiction.