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Either party may at any time by giving notice in writing summarily terminate this Contract without compensation to the other party if the other party shall become bankrupt, or if a body corporate pass a resolution or the court shall make an order that one party be wound up, otherwise than by way of amalgamation or reconstruction, or if a receiver or manager or administrator on behalf of a creditor shall be appointed, or if circumstances shall arise which entitles the court to make a winding up order. Either party shall have the right to terminate this Contract without reason upon giving 14 days written notice to the other party and termination shall occur at the expiry of the notice period. Termination or expiry of this Contract for whatever reason shall not prejudice or affect any right of action or remedy accrued. The Company reserves the right to terminate this Contract without notice if any charges are outstanding for more than 14 calendar days; or if the Buyer is in breach of any other of its obligations as set out in this Contract. On termination or expiry of this Contract for whatever reason: the non-exclusive licence pursuant to Clause 3 shall be revoked with immediate effect and the Buyer shall pay immediately all charges outstanding under this Contract.
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