Provision Language
23. TERM AND EARLY TERMINATION
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23.2 Either Party may terminate this Agreement in its entirety or with respect to any Product at any time upon twelve (12) months’ written notice to the other Party, without thereby incurring any liability to the other Party. For the avoidance of doubt, termination by a Party because it is not satisfied with the results of its safety data assessment shall not impact the continuation of the development of the Product(s) by the other Party.
23.3 Either Party may terminate this Agreement in its entirety at any time, as follows:
a) if the other Party is in material breach of this Agreement, upon thirty (30) days’ written notice stating its intent to terminate if such breach has not been cured within such thirty (30) day period;
b) with immediate effect if the other Party is declared insolvent or has an administrator or receiver appointed over all or any part of its assets;
c) with immediate effect if the other Party is in breach of Section 21.3; or
d) in case of a Force Majeure event with respect to the other Party pursuant to Article 29.
23.4 If in the reasonable opinion of DNDi, Partner fails to use Reasonable Efforts to promote access to the Product in the Territory in accordance with the timelines and milestones agreed by the Parties under the Access and Implementation Plan(s), DNDi shall give notice to Partner requiring curing such failure. If, in the reasonable opinion of DNDi, Partner fails to present an acceptable plan within sixty (60) days and report reasonable progress within one hundred and eighty (180) days after receiving written notice with respect to the default, DNDi shall have the right to terminate this Agreement in respect to such Product with immediate effect by giving written notice to Partner.
23.5 Any termination notice sent pursuant to this Article 23 shall specify the specific Section of this Article 23 pursuant to which such termination is made; if no Section is so specified, then termination shall be deemed to be pursuant to Section 23.2.