Cancellation
Any Customer who disconnects during the minimum period
shall be liable for the full contract price. SME WEB Design
may cancel or suspend this agreement at any time without
notice and without any liability to the Customer.
Notwithstanding any other agreement as to the terms of
payment, the total purchase price shall immediately become
due and payable and the Seller shall have the right to
forthwith cancel this contract (without prejudice to any
other of its rights) upon the occurrence of any of the
following events:
(a) the Buyer ceases or threatens to cease to carry
on business;
(b) the Buyer enters into any negotiations for any
arrangement or composition with its creditors;
(c) the Buyer is unable to pay its debts (including
contingent liabilities) as they fall due;
(d) the Buyer becomes bankrupt or commits an available
act of bankruptcy or proceedings are taken for liquidation
of the Buyer's affairs;
(e) the Buyer, being a company, goes into liquidation
whether voluntary or compulsory or does anything or
fails to do anything which would allow a receiver or
manager to be appointed or a receiver or manager to
take possession of any of the Buyer's assets or which
would entitle any person to present an application for
winding up or is wound up or dissolved or placed under
statutory management or enters into a scheme of arrangement
with its creditors or any class thereof;
(f) any distress or execution is levied on the Buyer;
(g) breach by the Buyer of any other terms contained
in this agreement.
|
