Termination

Unilateral Termination on Notice (Simpliciter)

Party A may terminate this agreement, in whole or in part, for any reason on [●] business days’ notice to Party B.


Mutual Termination on Notice (Simpliciter)

Each party may terminate this agreement, in whole or in part, for any reason on [●] business days’ notice to the other party.


Termination without Notice (Simpliciter)

Party A reserves the right to terminate this agreement, in whole or in part, at any time without any prior notice.


Unilateral Termination for Material Breach

Party A may terminate this agreement with immediate effect by delivering notice of the termination to Party B, if:

a. Party B fails to perform, performs with deficiency, or otherwise materially breaches, any of its covenants, representations, or obligations, and

b. the failure, deficiency, or breach continues for a period of [●] business days after Party A delivers notice to Party B reasonably detailing the breach.


Mutual Termination for Material Breach

Either party may terminate this agreement with immediate effect by delivering notice of the termination to the other party, if:

a. the non-terminating party fails to perform, performs with deficiency, or otherwise materially breaches, any of its covenants, representations, or obligations, and

b. the failure, deficiency, or breach continues for a period of [●] business days after the terminating party delivers notice to the non-terminating party reasonably detailing the breach.


Termination for Insolvency

If either party becomes insolvent, bankrupt, or enters receivership, dissolution, or liquidation, the other contracting party may terminate this agreement with immediate effect by serving notice of the termination on the party that became insolvent, bankrupt, or entered receivership, dissolution, or liquidation.


Unilateral Termination for Cause (Simpliciter)

Party A may terminate this agreement for Cause with immediate effect by serving notice of the termination on Party B. For purposes hereof, “Cause” includes the following without limitation:

a. wilful breach, malfeasance, misfeasance, nonfeasance, or gross negligence in connection with the performance of duties under this agreement;

b. any wilful misrepresentation, wrongful misappropriation, or concealment of a material fact made in connection with this agreement;

c. gross misconduct or gross insubordination

d. theft of company resources;

e. alcohol or drug abuse;

f. conviction for an offence;

g. sexual harassment at workplace;

h. corruption.


Mutual Termination for Cause (Simpliciter)

Either party may terminate this agreement for Cause with immediate effect by serving notice of the termination on the other party. For purposes hereof, “Cause” includes the following without limitation:

a. wilful breach, malfeasance, misfeasance, nonfeasance, or gross negligence in connection with the performance of duties under this agreement;

b. any wilful misrepresentation, wrongful misappropriation, or concealment of a material fact made in connection with this agreement;

c. gross misconduct or gross insubordination

d. theft of company resources;

e. alcohol or drug abuse;

f. conviction for an offence;

g. sexual harassment at workplace;

h. corruption.


Termination of Employment for Convenience (by employer)

Employment of Party B shall automatically terminate upon the date that is [●] days after Party A gives written notice to Party B stating that Party B’s employment is being terminated.


Termination of Employment for Disability

Employment of Party B shall automatically terminate upon the date that is [●] days after Party A gives written notice to Party B stating that Party B’s employment is being terminated on account of Party B’s Disability. For purposes hereof “Disability” shall be deemed to exist if Party B is unable, despite reasonable accommodation, to perform the essential functions of their current position due to physical or mental illness, injury or other medical condition for a period of not less than [●] months.


Termination for Death of Any Party

This agreement shall automatically terminate immediately upon the death of any of the contracting parties.


Termination for Illegality

Either party may terminate this agreement with immediate effect if performance under this agreement is or becomes illegal or otherwise prohibited under the law for the time being in force or by virtue of an order of any municipal or supervising corporate authority.


Mutual Termination for Change in Control

Either party may terminate this agreement with immediate effect, by giving notice to the other party, in the event of a Change in Control of the other party. For purposes hereof, “Change in Control” shall mean the occurrence of any of the following events so long as in either case Party B’s stockholders of record immediately prior to such event will, immediately after such event, hold less than fifty percent (50%) of the voting power of the surviving or acquiring entity:

a. Acquisition of Party B by another entity by means of any transaction or series of related transactions (including, without limitation, any reorganization, merger or consolidation but excluding any merger effected exclusively for the purpose of changing the domicile of the Company); or

b. Sale of all or substantially all of the assets of Party B.

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General Definition of Confidential Information For the purposes of this agreement, Confidential Information means any information (including any and all combinations of individual items of information