or similar person or officer is appointed to the other Party and/or over all or any part of the assets of the other Party, or (iv) the other Party enters into or proposes any composition or arrangement concerning its debts with its creditors (or any class of its creditors) generally, or (v) anything equivalent to any of the events or circumstances stated in (i) to (iv) inclusive occurs in any applicable jurisdiction; or 15.1.2 the other Party commits a material or persistent breach of the provisions of this Agreement (a "Breach"), provided that if the Breach is remediable, the other Party shall be given thirty (30) days to remedy the Breach from receipt of the first Party's written notice specifying the nature of the Breach and requesting that the same be remedied. 15.2 Any termination of the Agreement under Clause 15.1 above shall take effect either immediately on receipt of written notice or at such other date as may be specified in the written notice. 13 15.3 On termination of this Agreement: 15.3.1 each Party shall ensure that all documentation and all information (including all copies of such information stored in any written or electronic form) which constitutes Confidential Information shall be returned to the other Party forthwith; and 15.3.2 each Party shall immediately cease to use the other Party's Intellectual Property Rights and shall destroy or on request return to the other all materials in its possession bearing the other Party's trade marks, logos, brand name and other intellectual property. 15.4 The termination of this Agreement for any reason whatsoever, or its expiry: 15.4.1 shall not affect any provision of this Agreement which by its very nature should survive or operate in the event of the termination of this Agreement; and 15.4.2 shall not prejudice or affect the rights