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Source. 10.1 (a) Termination for Convenience. Subject to any provisions in any SOW, Customer, in its sole discretion, may terminate this Agreement or any SOW at any time, without cause, by providing at least six (6) months prior written notice to the Company. Company, in its sole discretion, may terminate this Agreement or any SOW at any time ...
Feb 26, 2020 · If the term is cut short due to termination for convenience, the amortization period is cut short and the service provider is not getting the expected benefits of the deal. For this reason, termination fees are often defined in a downward-sliding scale over the term of the contract, with the highest termination fees seen early in the term.
Termination for Convenience. 8.1.1 City shall have the option, in its sole discretion, to terminate this Agreement, at any time during the term hereof, for convenience and without cause. City shall exercise this option by giving Contractor written notice of termination. The notice shall specify the date on which termination shall become effective.
Definition & Citations: A government contract’s standard clause giving government the right to terminate a contract at any time without giving a reason for doing so. Find the legal definition of TERMINATION FOR CONVENIENCE from Black's Law Dictionary, 2nd Edition.
May 22, 2024 · 49.403 Termination of cost-reimbursement contracts for default. (a) The right to terminate a cost-reimbursement contract for default is provided for in the Termination for Default or for Convenience of the Government clause at 52.249-6. A 10- day notice to the contractor before termination for default is required in every case by the clause.
prévu dans une loi ou dans le contrat. uncitral.org. uncitral.org. On the other hand, an obligation of the contracting authority to compensate the concessionaire for its lost profit. [...] might make it financially prohibitive for the contracting authority. [...] to exercise its righ t of termination for convenience.
Mar 10, 2014 · Essentially, in an “at will” business agreement, termination for convenience permits “one party to terminate a contract, even in the absence of fault or breach by the other party, without suffering the usual financial consequences of breach of contract.”2 The Union Government first used these clauses when unilaterally terminating vendor ...
