This agreement may be termination forthwith by notice in writing:
- By Kingsfield if the Customer fails to pay any sums due hereunder by the due date
notwithstanding the provisions for late payment in Payment Terms
- If either party fails to perform any of its obligations under this Agreement and
such failure continues for a period of 14 days after written notice thereof, by
the other party
- If either party is involved in any legal proceedings concerning its solvency, or
ceases trading, or commits an act of bankruptcy or is adjudicated bankrupt or enters
into liquidation, whether compulsory or voluntary, other than for the purposes of
an amalgamation or reconstruction, or makes an arrangement with its creditors or
petitions for an administration order or has a Receiver or manager appointed over
all or any part of its assets or generally becomes unable to pay its debts within
the meaning of Section 123 of Insolvency Act 1986, then without prejudice to any
other right to terminate this agreement forthwith
- Any termination of this agreement pursuant to this point shall be without prejudice
to any other rights or remedies a party may be entitled to hereunder or at law,
and shall not affect any accrued rights or liabilities of either party