Common use of Agreement Cancellation Clause in Contracts

Agreement Cancellation. The Trustees may terminate this Agreement or suspend or abandon the project upon written notice to the Design-Builder. The Design-Builder may terminate this Agreement only if the Trustees substantially fail to perform in accordance with Section 5.0 (Trustees’ Responsibilities) of this Agreement. Notice of termination must be given in writing to the Trustees allowing the Trustees 14 days to correct the default. If the default is corrected the Design-Builder may not terminate.

Agreement Cancellation. The Trustees may terminate this Agreement or suspend or abandon the project upon written notice to the Design-BuilderArchitect/Engineer. The Design-Builder Architect/Engineer may terminate this Agreement only if the Trustees substantially fail to perform in accordance with Section 5.0 (Trustees’ Responsibilities) of this Agreement. Notice of termination must be given in writing to the Trustees allowing the Trustees 14 days to correct the default. If the default is corrected the Design-Builder may not terminateTrustees.

Agreement Cancellation. The Trustees may terminate this Agreement or suspend or abandon the project upon a three (3) business-day advance written notice to the Design-BuilderArchitect/Engineer. The Design-Builder Architect/Engineer may terminate this Agreement only if the project is suspended by the trustees for more than 180 days or if the Trustees substantially fail to perform in accordance with Section 5.0 (Trustees’ Responsibilities) of this Agreement. Notice of termination must be given in writing to the Trustees allowing the Trustees 14 days to correct the default. If the default is corrected the Design-Builder may not terminateTrustees.