Common use of Cancellation/Termination Clause in Contracts

Cancellation/Termination. 14.1 Company may cancel all or part of the Contract for its convenience by written notice. If Company cancels the Contract for its convenience, Contractor shall be entitled to payment pro-rata for satisfactory performance provided under the Contract prior to the date of cancellation plus any reasonable and documented expenses directly incurred by Contractor in cancelling orders and work in progress. Such payment shall not exceed the Contract value. 14.2 If Contractor defaults, or if Company considers that Contractor may default under the Contract, Company may, in addition to its other rights or remedies, terminate all or part of the Contract by immediate written notice. Company may immediately take possession of any of the Goods/Services to be provided under the Contract. 14.3 If Company exercises its rights to terminate the Contract under clause 14.2, Contractor shall be responsible for and shall defend, indemnify and hold harmless Company against all costs (including legal costs) or expenses incurred by Company in obtaining the Goods/Services elsewhere and/or arranging for a Third Party to complete the Services. Company shall have the right to deduct such costs from amounts that are due to Contractor under the Contract or otherwise, or to recover such costs by way of a debt.

Cancellation/Termination. 14.1 13.1 Company may cancel all or part of the Contract for its convenience by written notice. If Company cancels the Contract for its convenience, Contractor shall be entitled to payment pro-rata for satisfactory performance provided under the Contract prior to the date of cancellation plus any reasonable and documented expenses directly incurred by Contractor in cancelling orders and work in progress. Such payment shall not exceed the Contract value. 14.2 13.2 If Contractor defaults, or if Company considers that Contractor may default under the Contract, Company may, in addition to its other rights or remedies, terminate all or part of the Contract by immediate written notice. Company may immediately take possession of any of the Goods/Services to be provided under the Contract. 14.3 13.3 If Company exercises its rights to terminate the Contract under clause 14.2Clause 13.2, Contractor shall be responsible for and shall defend, indemnify and hold harmless Company against all costs (including legal costs) or expenses incurred by Company in obtaining the Goods/Services elsewhere and/or arranging for a Third Party to complete the Services. Company shall have the right to deduct such costs from amounts that are due to Contractor under the Contract or otherwise, or to recover such costs by way of a debt.

Cancellation/Termination. 14.1 12.1 Company may cancel all or part of the Contract for its convenience by written notice. If Company cancels the Contract for its convenience, Contractor shall be entitled to payment pro-rata for satisfactory performance provided under the Contract prior to the date of cancellation plus any reasonable and documented expenses directly incurred by Contractor in cancelling orders and work in progress. Such payment shall not exceed the Contract value. 14.2 12.2 If Contractor defaults, or if Company considers that Contractor may default under the Contract, Company may, in addition to its other rights or remedies, terminate all or part of the Contract by immediate written notice. Company may immediately take possession of any of the Goods/Services to be provided under the Contract. 14.3 12.3 If Company exercises its rights to terminate the Contract under clause 14.2Clause 13.2, Contractor shall be responsible for and shall defend, indemnify and hold harmless Company against all costs (including legal costs) or expenses incurred by Company in obtaining the Goods/Services elsewhere and/or arranging for a Third Party to complete the Services. Company shall have the right to deduct such costs from amounts that are due to Contractor under the Contract or otherwise, or to recover such costs by way of a debt.