Acceleration clause: Copy, customize, and use instantly
Introduction
An acceleration clause enables one or both parties to demand the immediate repayment or performance of responsibilities if certain conditions are met. These conditions could include a breach, default, or other triggering events as defined in the agreement. The clause is essential for protecting the parties' interests by allowing them to expedite obligations when necessary.
Below are templates for acceleration clauses tailored to different scenarios. Copy, customize, and insert them into your agreement.
Default-based acceleration
This clause accelerates obligations in case of default.
If either Party defaults in the performance of any obligation under this Agreement, the non-defaulting Party may, at its discretion, accelerate the full repayment of any outstanding sums or immediate performance of obligations, irrespective of the original due dates. The defaulting Party will have a specified period to cure the default before acceleration takes effect.
Cross-default acceleration
This clause accelerates obligations in the event of cross-default.
If either Party defaults under any other agreement or contract with a third party that would have a material adverse effect on the performance of this Agreement, the other Party may accelerate the obligations under this Agreement. This includes the immediate repayment of any outstanding amounts or full performance of all obligations, regardless of the agreed schedule.
Financial instability-based acceleration
This clause accelerates obligations based on financial instability.
If either Party becomes insolvent, files for bankruptcy, or has its credit rating downgraded by a recognized rating agency, the other Party may accelerate the obligations under this Agreement. This includes the immediate repayment of outstanding balances or the immediate performance of contractual obligations without delay.
Breach of key provisions
This clause accelerates obligations for a breach of key provisions.
If either Party breaches any material provision of this Agreement, such as a confidentiality agreement, intellectual property rights, or financial covenants, the non-breaching Party may accelerate any outstanding obligations, requiring immediate payment or fulfillment of duties as agreed.
Change of control
This clause accelerates obligations in the event of a change of control.
In the event of a change of control or ownership of either Party, the other Party may accelerate any outstanding payments or performance obligations. The accelerated obligation will be due immediately, regardless of the payment or performance schedule specified in this Agreement.
Failure to meet financial covenants
This clause accelerates obligations for failure to meet financial covenants.
If either Party fails to meet the financial covenants outlined in this Agreement, the other Party may accelerate any outstanding amounts due or require immediate performance of obligations under the Agreement, including the immediate repayment of sums that were originally due at a later date.
Acceleration for delayed payment
This clause accelerates repayment in case of delayed payment.
If any payment due under this Agreement is not made within the agreed-upon period, the Party owed may accelerate the full repayment of any outstanding amounts. The total amount owed will become immediately due, and interest or penalties may apply as specified in the Agreement.
Non-performance or delay-based acceleration
This clause accelerates obligations in the case of non-performance or delays.
If either Party fails to perform or delays the performance of its obligations under this Agreement, the non-defaulting Party may accelerate all remaining obligations. This includes requiring immediate performance of outstanding duties or the immediate repayment of any sums owed under the terms of the Agreement.
Insolvency-based acceleration
This clause accelerates repayment upon insolvency.
In the event of either Party's insolvency, including the filing of bankruptcy, liquidation, or similar legal proceedings, the other Party may immediately accelerate all outstanding obligations. This includes demanding immediate payment of sums owed or requiring the immediate fulfillment of all other obligations under this Agreement.
Termination-based acceleration
This clause accelerates obligations upon termination.
If this Agreement is terminated by either Party for any reason, the Parties agree that all outstanding sums and obligations will become immediately due and payable. Any deferred payments or performances that were scheduled for a later date will be accelerated and become immediately due upon termination.
Legal judgment-based acceleration
This clause accelerates obligations in case of a legal judgment.
If a court of competent jurisdiction issues a judgment against either Party that affects the obligations under this Agreement, the non-judgment Party may accelerate the repayment or performance of obligations. This includes immediate payment or action to satisfy the judgment's terms.
Secured obligations acceleration
This clause accelerates secured obligations.
If either Party defaults under any of its secured obligations, the other Party holding the security interest may accelerate the outstanding amount due under this Agreement. This includes the immediate repayment of any amounts due under the terms of the Agreement, subject to the rights of the secured Party.
Voluntary acceleration
This clause allows voluntary acceleration by one Party.
Either Party may, at its discretion and without cause, accelerate the payment or performance of any obligations under this Agreement. The accelerating Party will notify the other Party of its intention to accelerate, and the accelerated obligations will be immediately due.
Acceleration for failure to meet delivery schedules
This clause accelerates obligations for failure to meet delivery schedules.
If either Party fails to meet delivery deadlines or milestones as specified in this Agreement, the other Party may accelerate the outstanding obligations. This includes requiring immediate fulfillment of the agreed-upon deliverables or payment of any amounts that were due at a later date.
Acceleration upon default in security agreement
This clause accelerates obligations due to default in a security agreement.
If a default occurs in any security agreement that relates to the obligations under this Agreement, the Party holding the security may accelerate any amounts owed under this Agreement, demanding immediate payment or fulfillment of obligations.
Material adverse change-based acceleration
This clause accelerates obligations in case of a material adverse change.
If there is a material adverse change in the financial position, operations, or legal standing of either Party, the other Party may accelerate all obligations under this Agreement. This includes immediate repayment of sums due or the immediate performance of all remaining duties as specified in the Agreement.
Acceleration for breach of confidentiality
This clause accelerates obligations for breach of confidentiality.
In the event of a breach of confidentiality provisions, the non-breaching Party may accelerate any outstanding payments or performance obligations under this Agreement. This includes requiring immediate action to remedy the breach and fulfill the remaining contractual obligations.
Triggered by failure to meet performance standards
This clause accelerates obligations if performance standards are not met.
If either Party fails to meet the performance standards outlined in this Agreement, the other Party may accelerate the obligations. This includes requiring immediate fulfillment of all duties, including the payment of amounts owed or the performance of specific tasks.
Acceleration for failure to provide required documents
This clause accelerates obligations for failure to provide required documents.
The closing of this Agreement is contingent upon the failure of either Party to provide the required documents, certifications, or approvals within the specified time frame. In the event of non-compliance, all outstanding obligations will be immediately due.
Acceleration for breach of delivery terms
This clause accelerates obligations for breach of delivery terms.
If a Party fails to meet delivery obligations or deadlines as specified in this Agreement, the other Party may accelerate the full payment or immediate performance of outstanding obligations under the terms of this Agreement.
Acceleration in case of major contract breach
This clause accelerates obligations in the event of a major contract breach.
The closing of this Agreement is contingent upon the occurrence of a material breach, including but not limited to a failure to meet major contractual obligations. The non-breaching Party may accelerate the obligations, requiring immediate repayment or performance.
Acceleration for failure to meet credit terms
This clause accelerates obligations for failure to meet credit terms.
In the event that either Party fails to meet the agreed-upon credit terms or repayment schedule, the non-defaulting Party may accelerate the entire balance, requiring immediate repayment of all outstanding sums.
Acceleration upon failure to provide performance guarantees
This clause accelerates obligations for failure to provide performance guarantees.
The closing of this Agreement is contingent upon the failure to provide the necessary performance guarantees or bonds. If the required guarantees are not provided, all outstanding amounts will become immediately due, and performance obligations will be accelerated.
Acceleration due to breach of non-compete clause
This clause accelerates obligations for breach of a non-compete clause.
If a Party breaches any non-compete clause within this Agreement, the non-breaching Party may accelerate all outstanding obligations, requiring immediate repayment or fulfillment of performance requirements, regardless of the original timeline.
Acceleration based on failure to meet project milestones
This clause accelerates obligations due to failure to meet project milestones.
The closing of this Agreement is contingent upon meeting certain project milestones. If any of the specified milestones are not met within the agreed-upon time frame, the other Party may accelerate the obligations, requiring immediate payment or fulfillment of duties.
Acceleration for failure to make required payments
This clause accelerates obligations for failure to make required payments.
In the event that either Party fails to make any required payment by the due date as outlined in this Agreement, the other Party has the right to accelerate all outstanding payments and require immediate settlement of any amounts owed.
Acceleration for violation of trade secrets
This clause accelerates obligations for violation of trade secrets.
The closing of this Agreement is contingent upon maintaining the confidentiality of trade secrets. If either Party violates the confidentiality obligations regarding trade secrets, the other Party may accelerate the repayment of any outstanding obligations, with immediate effect.
Acceleration for insolvency or bankruptcy
This clause accelerates obligations in the case of insolvency or bankruptcy.
If either Party becomes insolvent or files for bankruptcy protection under applicable laws, the other Party may accelerate all obligations under this Agreement. This includes demanding immediate payment or performance of all outstanding duties.
Acceleration in case of failure to meet delivery of services
This clause accelerates obligations for failure to deliver services.
If a Party fails to deliver the services as agreed upon in this Agreement, the other Party may accelerate all outstanding obligations, demanding immediate performance or payment for any services not delivered according to the agreed terms.
Acceleration for breach of exclusivity agreement
This clause accelerates obligations for breach of exclusivity agreement.
If either Party breaches the exclusivity terms of this Agreement, the non-breaching Party may accelerate all outstanding payments or performance obligations, requiring immediate action to fulfill any unmet conditions.
Acceleration due to fraud or misrepresentation
This clause accelerates obligations in case of fraud or misrepresentation.
In the event of fraud or misrepresentation by either Party in relation to this Agreement, the non-offending Party may accelerate all outstanding obligations, requiring immediate repayment or fulfillment of duties that were originally scheduled for a later date.
Acceleration for failure to provide required performance reports
This clause accelerates obligations for failure to provide required performance reports.
If either Party fails to provide the required performance reports or documentation within the stipulated time, the other Party may accelerate all obligations, requiring immediate fulfillment of outstanding performance-related duties.
Acceleration for failure to maintain insurance
This clause accelerates obligations for failure to maintain insurance.
The closing of this Agreement is contingent upon both Parties maintaining the necessary insurance coverage. If either Party fails to maintain the required insurance, the other Party may accelerate the repayment of all sums owed or the immediate performance of remaining contractual obligations.
Acceleration due to breach of confidentiality provisions
This clause accelerates obligations for breach of confidentiality provisions.
In the event of a breach of confidentiality provisions outlined in this Agreement, the non-breaching Party may accelerate the payment of outstanding sums or demand immediate performance of all remaining obligations.
Acceleration for failure to meet performance standards
This clause accelerates obligations for failure to meet performance standards.
If either Party fails to meet the performance standards set out in this Agreement, the other Party may accelerate all outstanding obligations, including immediate payment or performance of any tasks that were previously scheduled.
Acceleration upon early termination
This clause accelerates obligations upon early termination.
If either Party terminates this Agreement before the scheduled closing date, the non-terminating Party may accelerate any remaining obligations. This includes the immediate payment of all sums owed under the terms of the Agreement.
Acceleration due to breach of material terms
This clause accelerates obligations for breach of material terms.
The closing of this Agreement is contingent upon compliance with all material terms. If any material terms of the Agreement are breached, the non-breaching Party may accelerate all obligations, requiring immediate repayment or performance.
Acceleration based on failure to meet security requirements
This clause accelerates obligations for failure to meet security requirements.
The closing of this Agreement is contingent upon the satisfaction of all security requirements set forth in this Agreement. Failure to meet these requirements will trigger the acceleration of all outstanding obligations, including any immediate payments or performances due.
Acceleration upon non-fulfillment of contract contingencies
This clause accelerates obligations if contingencies are not fulfilled.
The closing of this Agreement is contingent upon the fulfillment of all contractual contingencies. If any contingency is not met, the non-defaulting Party may accelerate all obligations, demanding immediate payment or fulfillment of outstanding duties.
Acceleration in the case of non-compliance with operational protocols
This clause accelerates obligations for non-compliance with operational protocols.
If either Party fails to comply with the operational protocols outlined in this Agreement, the other Party may accelerate the remaining obligations, requiring immediate payment or performance of the specified duties.
Acceleration for breach of business conduct
This clause accelerates obligations for breach of business conduct.
If either Party breaches the business conduct provisions or ethical standards set forth in this Agreement, the other Party may accelerate the payment of any outstanding sums or the performance of any remaining contractual duties.
Acceleration for failure to meet timelines
This clause accelerates obligations if timelines are not met.
If either Party fails to meet the agreed-upon timelines for the completion of deliverables or performance milestones, the other Party may accelerate the full repayment or completion of all outstanding obligations immediately, regardless of the originally scheduled dates.
Acceleration for non-payment of outstanding fees
This clause accelerates obligations due to non-payment of fees.
The closing of this Agreement is contingent upon the full payment of all outstanding fees owed by either Party. If any fees remain unpaid after the due date, the non-defaulting Party may accelerate the full payment of all amounts owed, requiring immediate settlement.
Acceleration in case of violation of non-solicitation clause
This clause accelerates obligations for violating a non-solicitation clause.
If either Party violates the non-solicitation clause outlined in this Agreement, the other Party may accelerate the payment of outstanding sums or demand immediate performance of remaining obligations, irrespective of the original payment schedule.
Acceleration due to failure to meet regulatory compliance
This clause accelerates obligations for failure to meet regulatory compliance.
The closing of this Agreement is contingent upon compliance with all relevant regulatory requirements. If either Party fails to meet these requirements, the other Party may accelerate any unpaid amounts or obligations under this Agreement, requiring immediate payment or performance.
Acceleration for failure to meet delivery guarantees
This clause accelerates obligations for failure to meet delivery guarantees.
If either Party fails to meet the agreed-upon delivery guarantees or fails to deliver goods or services as promised, the other Party may accelerate the outstanding obligations, including immediate repayment or delivery of the pending items.
Acceleration for breach of warranty
This clause accelerates obligations for breach of warranty.
If either Party breaches any warranty provided under this Agreement, the non-breaching Party may accelerate all outstanding obligations, demanding immediate performance of duties or repayment of sums due.
Acceleration for failure to complete installation or setup
This clause accelerates obligations for failure to complete installation or setup.
The closing of this Agreement is contingent upon the successful completion of any installation or setup required under the terms. If the installation or setup is not completed as per the terms, the other Party may accelerate the outstanding payment or performance obligations.
Acceleration for violation of exclusivity clause
This clause accelerates obligations for violation of an exclusivity clause.
If either Party breaches the exclusivity clause of this Agreement by engaging with competing parties, the other Party may accelerate all remaining obligations, including immediate payment of any sums owed or fulfillment of performance obligations.
Acceleration for failure to maintain agreed-upon performance levels
This clause accelerates obligations for failure to maintain agreed-upon performance levels.
If either Party fails to maintain the agreed-upon performance levels or quality standards, the other Party may accelerate the full payment or performance of all remaining obligations immediately, regardless of the original deadlines.
Acceleration in case of a breach of operational obligations
This clause accelerates obligations in case of a breach of operational obligations.
If either Party breaches any operational obligations as outlined in this Agreement, the non-breaching Party may accelerate any outstanding payments or performance obligations and require immediate action to fulfill the breached obligations.
Acceleration for failure to meet financial obligations
This clause accelerates obligations for failure to meet financial obligations.
If either Party fails to meet any financial obligations specified in this Agreement, such as capital contributions or payment of fees, the other Party may accelerate the entire balance due immediately, requiring full payment of all outstanding sums.
Acceleration upon early termination by either party
This clause accelerates obligations if the Agreement is terminated early.
If either Party terminates this Agreement before the scheduled completion date, all outstanding obligations will become immediately due and payable. The terminating Party must pay any amounts owed under the Agreement without delay.
Acceleration for failure to maintain compliance with health and safety standards
This clause accelerates obligations for failure to maintain compliance with health and safety standards.
The closing of this Agreement is contingent upon the Parties complying with all applicable health and safety regulations. If either Party fails to comply with these standards, the other Party may accelerate any unpaid obligations or performance requirements immediately.
Acceleration for breach of non-disclosure agreement
This clause accelerates obligations for breach of a non-disclosure agreement.
In the event of a breach of the non-disclosure agreement by either Party, the non-breaching Party may accelerate all remaining obligations under this Agreement, requiring immediate payment of any sums owed or immediate performance of all outstanding duties.
Acceleration for failure to meet security standards
This clause accelerates obligations for failure to meet security standards.
If either Party fails to meet the required security standards or safeguards specified in this Agreement, the other Party may accelerate the full payment or performance obligations, requiring immediate compliance with the agreed security measures.
Acceleration due to failure to comply with export control laws
This clause accelerates obligations for failure to comply with export control laws.
The closing of this Agreement is contingent upon both Parties complying with all applicable export control laws and regulations. If either Party fails to comply with these laws, the other Party may accelerate the outstanding payment or performance obligations.
Acceleration for breach of force majeure provisions
This clause accelerates obligations for breach of force majeure provisions.
If either Party invokes the force majeure provision improperly or fails to meet the obligations upon the cessation of the force majeure event, the other Party may accelerate all remaining obligations and require immediate fulfillment of duties.
Acceleration for failure to obtain necessary approvals
This clause accelerates obligations for failure to obtain necessary approvals.
The closing of this Agreement is contingent upon obtaining all necessary approvals from relevant parties or authorities. If these approvals are not obtained by the closing date, the non-defaulting Party may accelerate the remaining obligations, requiring immediate payment or performance.
Acceleration for failure to meet project completion dates
This clause accelerates obligations for failure to meet project completion dates.
If the project is not completed by the agreed-upon date, the non-defaulting Party may accelerate all remaining payments or performance obligations, requiring immediate action to meet the completion requirements or fulfill any remaining duties.
Acceleration for failure to maintain confidentiality
This clause accelerates obligations for failure to maintain confidentiality.
If a Party breaches the confidentiality provisions of this Agreement, the non-breaching Party may accelerate all outstanding obligations, requiring immediate repayment or fulfillment of the remaining duties under the terms of the Agreement.
Acceleration for failure to comply with marketing or promotional requirements
This clause accelerates obligations for failure to comply with marketing or promotional requirements.
If either Party fails to meet the marketing or promotional obligations specified in this Agreement, the other Party may accelerate the full performance of obligations, including immediate payment of any sums owed for non-performance.
Acceleration due to change in financial standing
This clause accelerates obligations due to a change in financial standing.
If either Party experiences a significant decline in its financial standing, such as a downgrade in credit rating, the other Party may accelerate the full repayment of any outstanding amounts or require immediate performance of all obligations under this Agreement.
Acceleration for violation of intellectual property rights
This clause accelerates obligations for violation of intellectual property rights.
If a Party violates any intellectual property rights or fails to comply with intellectual property obligations, the non-violating Party may accelerate all remaining obligations under this Agreement, requiring immediate payment or fulfillment of duties.
Acceleration due to change in controlling ownership
This clause accelerates obligations upon a change in controlling ownership.
In the event of a change in the controlling ownership or structure of either Party, the other Party may accelerate all obligations under this Agreement. This includes requiring immediate repayment or immediate performance of remaining duties as agreed.
Acceleration for failure to maintain minimum performance levels
This clause accelerates obligations for failure to meet minimum performance levels.
The closing of this Agreement is contingent upon the Parties maintaining minimum performance levels as outlined. If either Party fails to meet these standards, the other Party may accelerate any outstanding payments or obligations, requiring immediate action to correct the deficiencies.
Acceleration for failure to provide timely reports
This clause accelerates obligations for failure to provide timely reports.
If either Party fails to provide the required reports or deliverables within the specified timelines, the other Party may accelerate the full payment or performance obligations, requiring immediate action to fulfill the outstanding duties.
Acceleration for non-performance of contractual duties
This clause accelerates obligations for non-performance of duties.
If either Party fails to perform any of its contractual obligations as specified in this Agreement, the non-defaulting Party may accelerate all obligations under this Agreement, requiring immediate repayment of outstanding amounts or fulfillment of duties.
Acceleration for breach of non-solicitation agreement
This clause accelerates obligations for breach of non-solicitation agreement.
If either Party breaches the non-solicitation provisions of this Agreement, the non-breaching Party may accelerate any outstanding obligations, including immediate repayment or performance of any outstanding duties as stipulated.
Acceleration for failure to meet minimum delivery quantities
This clause accelerates obligations for failure to meet minimum delivery quantities.
The closing of this Agreement is contingent upon meeting the minimum delivery quantities specified in the Agreement. If the agreed quantities are not met, the other Party may accelerate any remaining payments or performance obligations, demanding immediate fulfillment.
Acceleration for failure to adhere to service level agreements (SLAs)
This clause accelerates obligations for failure to meet service level agreements.
If either Party fails to meet the agreed-upon service levels as outlined in the Service Level Agreement (SLA), the other Party may accelerate the performance or payment obligations under this Agreement, requiring immediate fulfillment of all duties.
Acceleration due to insolvency of a third-party partner
This clause accelerates obligations due to the insolvency of a third-party partner.
If a third-party partner or key supplier of either Party becomes insolvent, the other Party may accelerate all outstanding obligations under this Agreement. This includes the immediate payment of any outstanding sums or the immediate performance of the contractual duties.
Acceleration for failure to meet quality standards
This clause accelerates obligations for failure to meet quality standards.
The closing of this Agreement is contingent upon meeting the specified quality standards for deliverables, products, or services. If these standards are not met, the other Party may accelerate the outstanding obligations and require immediate rectification or repayment.
Acceleration upon early termination by either Party
This clause accelerates obligations upon early termination.
If this Agreement is terminated by either Party before the scheduled closing date, the other Party may accelerate any outstanding obligations under this Agreement, requiring immediate settlement or performance of the remaining duties.
Acceleration for failure to comply with data protection laws
This clause accelerates obligations for failure to comply with data protection laws.
If either Party fails to comply with applicable data protection laws or regulations, the other Party may accelerate the obligations under this Agreement. This includes requiring immediate action to resolve non-compliance or immediate payment for any damages caused by the breach.
Acceleration for breach of exclusivity rights
This clause accelerates obligations for breach of exclusivity rights.
If either Party breaches the exclusivity rights provided in this Agreement, the other Party may accelerate any remaining obligations under this Agreement, requiring immediate performance or payment for any breach of these terms.
Acceleration due to the imposition of sanctions or penalties
This clause accelerates obligations due to the imposition of sanctions.
The closing of this Agreement is contingent upon the absence of any sanctions or penalties imposed on either Party by governmental or regulatory authorities. If sanctions or penalties are imposed, the non-violating Party may accelerate all outstanding obligations, including requiring immediate repayment.
Acceleration for failure to maintain adequate security measures
This clause accelerates obligations for failure to maintain security measures.
The closing of this Agreement is contingent upon the Parties maintaining adequate security measures, including cybersecurity protocols. If either Party fails to meet these standards, the other Party may accelerate the remaining obligations under the Agreement, demanding immediate action or payment.
Acceleration for failure to meet financial reporting requirements
This clause accelerates obligations for failure to meet financial reporting requirements.
The closing of this Agreement is contingent upon the completion and delivery of all required financial reports. If the reports are not delivered on time, the non-defaulting Party may accelerate the repayment or performance of any outstanding obligations under this Agreement.
Acceleration upon change of business model
This clause accelerates obligations in the event of a change in business model.
If either Party undergoes a significant change in its business model or operations, the other Party may accelerate all outstanding obligations under this Agreement, requiring immediate performance of duties or payment of sums owed, regardless of the original terms.
Acceleration for breach of non-compete agreement
This clause accelerates obligations for breach of non-compete agreement.
If either Party breaches the non-compete provisions outlined in this Agreement, the non-breaching Party may accelerate all remaining obligations under this Agreement, requiring immediate repayment or fulfillment of duties as per the original schedule.
Acceleration for breach of confidentiality terms
This clause accelerates obligations for breach of confidentiality.
If either Party breaches the confidentiality terms of this Agreement, the other Party may accelerate any outstanding obligations. This includes immediate payment of sums owed or immediate action to remedy the breach.
Acceleration due to failure to maintain insurance coverage
This clause accelerates obligations for failure to maintain insurance coverage.
If either Party fails to maintain the insurance coverage required under this Agreement, the other Party may accelerate all obligations under the Agreement, requiring immediate payment or performance of duties to mitigate the risk of potential claims.
Acceleration for failure to complete due diligence requirements
This clause accelerates obligations for failure to complete due diligence.
The closing of this Agreement is contingent upon the satisfactory completion of all due diligence requirements. If any due diligence requirements remain incomplete, the non-defaulting Party may accelerate the remaining obligations, requiring immediate performance or payment of sums owed.
Acceleration for breach of operational requirements
This clause accelerates obligations for breach of operational requirements.
If either Party breaches the operational requirements outlined in this Agreement, the other Party may accelerate all remaining obligations, demanding immediate fulfillment of duties or payment of any outstanding amounts due.
Acceleration for breach of warranty obligations
This clause accelerates obligations for breach of warranty obligations.
If either Party breaches any warranty obligations specified in this Agreement, the other Party may accelerate all outstanding payments or performance obligations, requiring immediate fulfillment of all remaining duties, irrespective of the originally scheduled deadlines.
Acceleration for failure to meet milestones
This clause accelerates obligations for failure to meet milestones.
If either Party fails to meet the specified milestones in this Agreement, the other Party may accelerate any outstanding payments or obligations, requiring immediate completion of the remaining duties.
Acceleration for change in tax status
This clause accelerates obligations in the event of a change in tax status.
The closing of this Agreement is contingent upon no change in the tax status of either Party. If there is a change in tax classification, such as a shift in tax exemptions or the imposition of significant tax liabilities, the non-defaulting Party may accelerate any remaining obligations, requiring immediate payment or performance.
Acceleration for failure to comply with intellectual property terms
This clause accelerates obligations for failure to comply with intellectual property terms.
The closing of this Agreement is contingent upon both Parties complying with the terms related to intellectual property, including ownership, licensing, and usage rights. If either Party fails to meet these requirements, the other Party may accelerate all remaining obligations, including payment or performance.
Acceleration for failure to meet delivery deadlines
This clause accelerates obligations for failure to meet delivery deadlines.
If either Party fails to meet the agreed-upon delivery deadlines for goods or services, the non-defaulting Party may accelerate the remaining obligations, requiring immediate delivery or payment of all sums owed for delayed items.
Acceleration in the event of a natural disaster
This clause accelerates obligations in the event of a natural disaster.
The closing of this Agreement is contingent upon the absence of any significant natural disasters, such as earthquakes, floods, or hurricanes, that could delay or prevent performance. If such a disaster occurs, the other Party may accelerate the remaining obligations, including payments or performance due.
Acceleration for breach of compliance with laws
This clause accelerates obligations for breach of compliance with laws.
If either Party fails to comply with applicable laws or regulations in connection with the performance of this Agreement, the non-breaching Party may accelerate all outstanding obligations, demanding immediate repayment or performance as necessary.
Acceleration due to the imposition of new regulatory restrictions
This clause accelerates obligations due to new regulatory restrictions.
If any new regulatory restrictions or requirements are imposed on the business operations of either Party after the execution of this Agreement, the non-affected Party may accelerate the performance of all outstanding obligations, requiring immediate payment or completion of duties.
Acceleration for failure to maintain a business license
This clause accelerates obligations for failure to maintain a business license.
The closing of this Agreement is contingent upon both Parties maintaining the necessary business licenses and permits required for the operation of their businesses. If either Party fails to maintain these licenses, the other Party may accelerate all outstanding payments or obligations under the Agreement.
Acceleration due to breach of force majeure terms
This clause accelerates obligations for breach of force majeure terms.
If either Party improperly invokes the force majeure provision or fails to fulfill its obligations once the force majeure event has concluded, the other Party may accelerate the payment of sums owed or the performance of outstanding duties as outlined in this Agreement.
Acceleration for failure to provide required performance guarantees
This clause accelerates obligations for failure to provide performance guarantees.
If either Party fails to provide the required performance guarantees as specified in this Agreement, the other Party may accelerate the outstanding obligations, requiring immediate payment or fulfillment of duties as per the Agreement.
Acceleration for failure to provide adequate security for obligations
This clause accelerates obligations for failure to provide security for obligations.
If either Party fails to provide the required security for its obligations under this Agreement, the other Party may accelerate the repayment or performance of all obligations, demanding immediate settlement of any outstanding amounts or performance of duties.
Acceleration due to the cancellation of a key agreement
This clause accelerates obligations due to the cancellation of a key agreement.
The closing of this Agreement is contingent upon the continued validity of all key agreements, including supplier contracts or service agreements. If any key agreement is canceled or terminated before closing, the non-defaulting Party may accelerate the remaining obligations under the Agreement.
Acceleration for breach of data protection laws
This clause accelerates obligations for breach of data protection laws.
If either Party fails to comply with data protection laws or breaches the provisions related to data security and privacy, the other Party may accelerate any remaining obligations under this Agreement, requiring immediate corrective action, payment, or fulfillment of duties.
Acceleration in case of breach of ethical standards
This clause accelerates obligations for breach of ethical standards.
If either Party breaches any ethical standards or principles outlined in this Agreement, the other Party may accelerate the remaining obligations, including the immediate payment or performance of duties, to address the breach.
Acceleration for failure to provide required product warranties
This clause accelerates obligations for failure to provide required product warranties.
If either Party fails to provide the necessary warranties for products or services under this Agreement, the other Party may accelerate the payment or performance obligations, requiring immediate satisfaction of the warranty requirements.
Acceleration for failure to meet confidentiality requirements
This clause accelerates obligations for failure to meet confidentiality requirements.
If a Party breaches any confidentiality provisions of this Agreement, the non-breaching Party may accelerate the full payment or performance of any remaining obligations, including immediate repayment or fulfillment of duties.
Acceleration due to change in accounting standards
This clause accelerates obligations due to changes in accounting standards.
If there is a change in applicable accounting standards or regulations that materially affects the financial reporting or obligations under this Agreement, the other Party may accelerate the remaining obligations, including requiring immediate adjustments or settlements based on the updated standards.
Acceleration for failure to provide necessary reports or data
This clause accelerates obligations for failure to provide necessary reports.
If a Party fails to provide the required reports or data as specified in this Agreement, the other Party may accelerate any remaining obligations, demanding immediate provision of the necessary information or the immediate payment of sums owed.
Acceleration for non-performance due to technological failure
This clause accelerates obligations for non-performance due to technological failure.
If a Party experiences a technological failure that prevents the timely performance of obligations, the non-failing Party may accelerate the outstanding obligations, requiring immediate performance once the failure is resolved or payment for the delay incurred.
Acceleration for failure to meet employee-related commitments
This clause accelerates obligations for failure to meet employee-related commitments.
If either Party fails to meet commitments related to employee benefits, compensation, or labor agreements under this Agreement, the other Party may accelerate the full payment or performance of any remaining obligations due.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.