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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Cancellation of an foreign agreement
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The agreement may be cancelled as per the terms of the agreement contained therein.
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