Cancellation and Termination of Contract
The Contract shall begin on the Commencement Date and thereafter, unless terminated earlier in accordance with this clause, shall continue until expiry of the term of subscription for the Services specified in the Contract Letter.
Either party (“the Terminating Party”) may at any time terminate the Contract forthwith by written notice to the other if:
(a) the other party is in breach of any obligation under the Contract and has failed to remedy such breach within 30 days of receiving notice from the Terminating Party to do so; or
(b) if the other party is or is deemed to be, insolvent or steps are taken to:
(i) propose any composition, scheme or arrangement involving the party and its creditors; or
(ii) obtain an administration order or appoint any administrative or other receiver or manager of the party or any of its property or otherwise enforce any security over the party’s property, or repossess its assets; or
(iii) file a petition in bankruptcy or to wind up or dissolve the party, or sequestrate its estate
or outside England anything corresponding to any of the above occurs.
Either party may terminate the Contract on not less than 30 days’ notice in writing to the other party, such notice to expire on the anniversary of the Commencement Date. The agreed contractual period is a minimum of 12 months and notice cannot be effected until after this period has expired.