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22:14 Jun 20, 2001
English to Spanish translations [PRO] Law/Patents
English term or phrase:Without limiting the foregoing language
7. If either party fails to accomplish the obligations arising from this agreement, the other party may, by written demand, require performance within the following sixty (60) calendar days. If this performance is not fulfilled, the other party, at its option, may rescind this agreement. Without limiting the foregoing language, the assignment for the benefit of creditors, receivership, bankruptcy or the dissolution or liquidation of either party or nationalisation of all or any part of XXX business, shall constitute grounds for termination of this agreement. YYY may terminate this agreement if XXX fails to make the payments stipulated and if such default is not cured within ninety (90) calendar days after written notice thereof. XXX may terminate this agreement if YYY is not longer actively engaged in the development, production and sale of “the products”.