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jayesh (cs)     06 April 2015

Cancellation of an foreign agreement

x (indian company) has signed an agreement with a german company for 10 years. stating that it will use its technology and x company will pay royality of USD 2000 per anumn for the same. Suddenly x company feels that  the technology will not work in indian market and wants to cancel the agreement. is it possible ? and what is the procedure agreement is already signed  
 
 
 
 
 


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 2 Replies

Jatin Mittal (Corporate Lawyer)     08 April 2015

Hi Jayesh

There must be a termination clause in the agreement. If you can send me the agreement to me then I can comment, but without seeing the conditions agreed between the parties, it is quite vague to make any comment. Please write to me at mitaaljets@gmail.com. 

Jatin Mittal (Corporate Lawyer)     08 April 2015

I correct myself, please write to me at mittaljets@gmail.com.

Please ignore the previous email id i sent.


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