If Party A materially breaches this Contract, Party B or its succeor in interest is entitled to terminate this Contract or claim damages for the breach of contract.If Party B materially breaches this Contract, Party A is entitled to request Party B, by iuing a written notice, to redre the breach within fifteen (15) days upon receiving such notice.If Party B fails to redre the breach within the fifteen (15)-day period, Party A is entitled to rescind the Contract and claim damages for the breach of contract.
If a Party materially fails to perform any of its obligations under this Contract or if a Party’s representation or warranty under this Contract is materially untrue or inaccurate, such Party shall be deemed to have breached this Contract.The Party in breach shall have thirty (30) days from receipt of a notice form the other party specifying the breach to correct such breach if it is remediable.The Party in breach shall in any case be liable to the other Party for all damages caused by the breach.Liability for such damages shall not be waived in the event the non-breaching Party terminates this Contract under Article X.All remedies provided for herein and under law shall be cumulative.
The Licensee shall promptly notify the Licensor, in writing, of any acts of infringement or suspected infringement or acts of unfair competition involving the Trademarks and of any applications or registrations of confusingly similar marks which may come to its attention.The Licensee shall not be entitled to take any proceedings or call on the Licensor to take any proceedings in any of the aforesaid matters; provided, however, that the Licensor may, at its own discretion and cost, prosecute or otherwise stop or prevent such actual or threatened infringement in the name of both the Licensor and the Licensee or either of them, and in each case the Licensee shall render all reasonable aistance required by the Licensor.
