IACCM Contract Management Forum

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2019-06-30 13:00:40

Termination of Convenience

Please suggest the clause for Termination of convenience.
 •  IACCM  •   2019-06-30 23:59:40
I think people are going to need a bit more information about the situation to be able to give you help with that question.
 •  Neptune Marine Service Pty Ltd  •   2019-07-03 00:38:02
Yup, will need more info before commenting on the clause.

Key items to consider:-
- Both parties will have this right.
- Notice period.
- Amount payable [fixed termination fees or actual documented cost].
- Etc.

Gaurav Seth
 •  Regina Airport Authority Inc.  •   2019-07-03 17:41:39
b. "Client" may terminate this Agreement for its convenience at any time upon providing 180 days written notice to the "Supplier". In such case, the "Supplier" shall be entitled to receive full compensation for all the services performed hereunder payment for all Work performed prior to the date of termination. Payment of such compensation is the sole and exclusive remedy of "Supplier" for termination of this Agreement by the "Client" hereunder and "Supplier" shall not be entitled to, and hereby waives, claims for lost profits and all other damages and expenses.
 •  AL Faris International Co. for General Contracting  •   2019-07-10 07:45:16
We use below clause in our contracts:

"XXX may at any time and at its sole convenience, terminate this Contract, or any part of the WORK, by giving written notice to CONTRACTOR specifying the extent and the effective date of the termination ("Termination Date"). Should XXX terminate the Contract or any part of the WORK in accordance with clause x.x, CONTRACTOR shall immediately stop performance of the WORK, unless otherwise directed by XXX, and demobilize within XXX (XX) consecutive days. XXX shall pay CONTRACTOR all amounts properly due and payable for terminated WORK up to the Termination Date."
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