Cancellation of an foreign agreement

jayesh (cs) (28 Points)

06 April 2015  
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