We Reserve The Right To Terminate This Agreement

We Reserve The Right To Terminate This Agreement

In principle, an assignment cannot be cancelled by the counterparty. If the counterparty cancels all or part of an order, regardless of the reason for the revocation, we have the right to charge all reasonable costs (including costs of preparation, components, storage, etc.) regardless of the reason for the revocation, without prejudice to our right to damages due to loss of profit and other damages/losses. In case of cancellation, the other party also owes a cancellation fee. These costs are from 30% (30 percent) to 100% (percent) depending on the deliveries already made / work already performed by us, the amount of the contract, if applicable increased by VAT. Giving details like this can help a user understand what is expected of them if they want to keep their account in good condition. 9.5. There is no general obligation under English law for parties negotiating a contract to disclose information between themselves. In some circumstances, the silence of one party is a misrepresentation, for example, when only half of the truth misleads the other party. If this is the case, the contract may be terminated due to a misrepresentation as described above. Responsibility for pure secrecy is more difficult to establish because the claimant must prove that the other party had a positive obligation to provide the relevant information. This obligation may arise from the respective type of contract (e.B. insurance contracts) or from the relationship between the parties, e.B. the trustee and the beneficiary.

Ultimately, when things get complicated, there is no fixed definition of material violation, it will be up to a court to decide whether the violation was material. However, we can make a pretty good estimate of what a material violation is. Unfortunately, this is sort of a circular definition, as Ken Adams notes here; A material breach is a breach that goes to the heart of the agreement, which prevents a party from getting what they negotiated for, this is something we could expect from a reasonable person to terminate the agreement. .

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