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8.2TerminationofAgreement
ThisAgreementmaybeterminatedbyeitherpartyatanytimeupontheoccurrenceofanyoneormoreofthefollowingeventsofdefault
8.2.1.TheotherpartydefaultsintheperformanceofanymaterialrequirementorobligationunderthisAgreementoranyotherwrittenagreementbetweenthepartiesconcerningthesubjectofthisAgreement,andsuchdefaultisnotcuredwithinthirty(30)daysafterwrittennoticeofsuchdefaultissenttosuchparty.
8.2.2.Theotherpartyceasestodobusiness,makesacompositionorassignmentforthebenefitofitscreditors,makesageneralarrangementwithitscreditorsconcerninganyextensionorforgivenessofanyofitssecureddebt,becomesbankruptorinsolvent,suffersorseekstheappointmentofareceivertothewholeoranymaterialpartsofitsbusiness,takesanyactiontoliquidateorwindupthewholeoranymaterialpartofitsbusiness,isfoundsubjecttoanyprovisionsofanybankruptcycodeconcerninginvoluntarybankruptcyorsimilarproceeding,orsuffersamaterialadversechangeinitsfinancialpositionsuchthatpaymentshereundermaybeaffectedordelayedbyacreditororadministratorofthebusinessoftheotherparty.
8.2.3.ManufacturerviolatesanyofCustomer’sintellectualpropertyrights,includingtradesecretsdivulgedunderthescopeofthiscontract.
8.2.4.Inaddition,eitherpartymayterminatethisAgreementforconvenienceononehundredandtwenty(120)dayswrittennoticetotheotherparty.
8.2.5.NoterminationofthisAgreementshallreleaseCustomerfromanyobligationtopayManufactureranyamountthathasaccruedorbecomepayableatorpriortothedateoftermination.
8.3Survival
NotwithstandinganyterminationofthisAgreement,theprovisionsofSections5,6,and7shallcontinueinaccordancewiththeirterms.IfthisAgreementiscancelledbyManufacturer,PurchaseOrdersacceptedpriortocancellationarecancellableattheoptionoftheCustomer;ifthisAgreementiscanceledbyCustomer,thenalloutstandingPurchaseOrdersarecancelledimmediately.