Common use of Cancellation of a Contract Clause in Contracts

Cancellation of a Contract. 12.1 We shall have the right to cancel the contract, in whole or in part, in the event of breach, on reasonable notice (usually two weeks). A reminder for contract compliance shall also be deemed giving reasonable notice. Breaches of contract include, but are not limited to: Failure to meet provisional and final deadlines, unapproved subcontracting or defects jeopardizing performance of contract to our contracting partners by us. Any assignment of claims contrary to the non- assignment clause herein shall entitle us to terminate the contract for cause. 12.2 We have the right to terminate the contract, in whole or in part, also in case of no fault of the Supplier. In such a case we are obligated to pay the Supplier the contract price proportional to the goods and services already delivered and moreover reimburse the Supplier for any proven direct costs of deliveries and services in progress. The Supplier shall be obligated, after declaring the contract terminated, to make every effort to keep the costs to be reimbursed by us as low as possible.

Cancellation of a Contract. 12.1 We shall have the right to cancel the contract, in whole or in part, in the event of breach, on reasonable notice (usually two weeks). A reminder for contract compliance shall also be deemed giving reasonable notice. Breaches of contract include, but are not limited to: Failure to meet provisional and final deadlines, unapproved subcontracting or defects jeopardizing performance of contract to our contracting partners by us. Any assignment of claims contrary to the non- non-assignment clause herein shall entitle us to terminate the contract for cause. 12.2 We have the right to terminate the contract, in whole or in part, also in case of no fault of the Supplier. In such a case we are obligated to pay the Supplier the contract price proportional to the goods and services already delivered and moreover reimburse the Supplier for any proven direct costs of deliveries and services in progress. The Supplier shall be obligated, after declaring the contract terminated, to make every effort to keep the costs to be reimbursed by us as low as possible.