Right to terminate contract clause sample

Free Severance Agreement Template. Below is a severance agreement template that you can customize for your small business and for the specific termination situation you are facing. This template and the content in this article provide general information only, so we would also advise you to consult your attorney about your specific situation.

15 Mar 2016 Contracts also often provide that a right of termination will only arise after Note that termination clauses in contracts can be held to be unfair  1 Mar 2008 You may encounter clauses in contracts you review or in a contract form Either party has the right to terminate this agreement where the other  A right to terminate a contract arises for: Many commercial contracts include clauses which set out a process  Termination clauses are a common feature in standard construction contracts If sub-clause 4.2 applies, the Employer is entitled to terminate the Contract if the  On Termination, right to payment for the work done but not paid, remains unaffected, under the contracts provide for clause for 'Termination'. The cause of  Types of termination clauses. 5-8 For example, the duration of egg and poultry contracts is typically the power to terminate the contract early (see next section) . If the if the contract also contains a blanket breach termination clause. Nearly all construction contracts provide for the owner to terminate a contract if Such a clause generally gives the owner the right to terminate "for any reason 

1 The right to terminate the contract requires that the other party's of this Agreement (including for example and without limitation, provisions regarding the  

THIS AGREEMENT is made and entered into this ____ day of________, 20XX, by and provided in Paragraph 10.2 necessary for the proper execution and breach of contract upon which Owner may immediately terminate this contract, or. Clause 16 deals with suspension and termination by the Contractor. Sub-Clause 16.1 deals with the Contractor's right to suspend work in the event that example failure on the part of the Engineer to issue a Payment Certificate within the time. Sample Contract Clauses: The [Vendor] agrees that at the termination of this contract, all Institution data will be either  Some contracts will contain a termination for convenience clause, which would Statutory rescission; Common law rescission; Inequality of bargaining power 

Many construction contracts also include a clause that allows the owner or the prime Upon such termination, Contractor shall be entitled to payment only as 

Termination Sample Clauses Termination. This Agreement may be terminated at any time prior to the Closing: Sample 1 or shall be adjudicated bankrupt, this Addendum and the rights granted hereunder shall, at the option of State Street, immediately terminate with notice to the Fund. Termination. This Agreement shall be subject to Early Termination Right.In recognition of the additional risks to maintaining satellite operations beyond the specified design life of the Satellite, Buyer shall have the right, subject to the conditions specified in this Section 7.9, to terminate this Agreement [***** *****] after the PAS-6 Delivery Date. Termination by Either Party. This Agreement may be terminated upon 60 days written notice without cause or penalty by either the Company (acting through the Conflicts Committee) or the Advisor. The provisions of Articles 1, 10, 12, 13, 15 and 16 shall survive termination of this Agreement. Termination for Convenience. The Adviser, with the consent of the Fund, shall have the right to terminate this Agreement in its discretion upon at least six (6) months' written notice to the Administrator. In the event of such termination for convenience, the Fund shall pay the fee set out in Schedule A: "Termination Fee".

A right to terminate a contract arises for: Many commercial contracts include clauses which set out a process 

1 May 2013 A right to terminate an agreement will arise where there is a contractual stipulation conferring the right or there is a breach or repudiation giving  17 Jul 2019 16 Sales Contract Clauses to Balance Risk and Reward especially in the early stages, about the difficulty of negotiating customer contracts. to all available remedies, including termination of contract and indemnification. Delineate between updates that existing customers have a right to (like security  Including this clause in a contract encourages parties to follow a best practice Contracts commonly provide for assignment with the consent of the other party of contract (possibly resulting in a right to terminate depending on construction. 3 Feb 2015 Federal agencies typically incorporate clauses in their procurement contracts granting them the right to terminate for convenience. However, the  In the sample right‐to‐audit clause below, the term “Contractor” is used to describe signatories to contracts, grants, and agreements with the [Company] and 

Sample Contract Clauses: The [Vendor] agrees that at the termination of this contract, all Institution data will be either 

In the sample right‐to‐audit clause below, the term “Contractor” is used to describe signatories to contracts, grants, and agreements with the [Company] and  the preliminary privileged power producer,. 3) if an event occurs which save for this Agreement would give the PURCHASER the right to suspend or terminate  7 Nov 2014 Often a party may have a right to terminate due to insolvency of the is one – such clauses are void as the law prioritizes keeping contracts in 

7 Nov 2014 Often a party may have a right to terminate due to insolvency of the is one – such clauses are void as the law prioritizes keeping contracts in  (b) Termination by MEDICAL GROUP for Cause. Notwithstanding the foregoing, MEDICAL. GROUP shall have the right to terminate this Agreement immediately  clause in construction contracts and government contracts gives the project owner the right to unilaterally terminate the contract while at the same time limiting