In the event that delivery on time is temporarily hampered due to one of the above mentioned circumstances, delivery shall be postponed for a period of time equal to the duration of the hindrance plus a reasonable period of time to normalise conditions depending on the circumstances. Delivery at the hereby postponed delivery time shall be considered timely in all respects. In the event that the delivery hindrance is estimated to last longer than 8 weeks, both KUT and the Buyer shall be entitled to cancel the agreement without this being considered breach of contract. 16. Governing law and venue Any dispute between the parties shall be settled fully and finally under the national law which the selling KUT company is subject to, to the exclusion of any conflict of laws rule that would refer the matter to another jurisdiction. KUT can freely choose whether the dispute shall be settled by the ordinary courts or by arbitration. If KUT chooses arbitration, the rules in force at the Copenhagen Arbitration shall apply. The arbitral tribunal shall be held in the city where the selling KUT company is domiciled. Venue at the ordinary courts shall be the judicial district to which the selling KUT company belongs. Valid date: 10-08-2018
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