CHANGE, CANCELLATION AND TERMINATION. The PO can be changed, terminated or canceled by Buyer for any reason, including convenience upon prior written notification to Seller. In the event of a change, Buyer and Seller will make a fair and equitable modification to their rights and obligations under the PO, if such change results in an increase or decrease in costs to be incurred or time needed to complete performance of the PO. Termination or cancellation for convenience by Buyer will entitle Seller to payment for only those goods or services delivered, received and accepted, and not subsequently rejected by Buyer. Buyer may immediately terminate the PO without prejudice to any right or remedy, after giving Seller notice of any breach by Seller of its obligations hereunder.
Appears in 6 contracts
Samples: Purchase Order Agreement, Purchase Order Agreement, Purchase Order Agreement
CHANGE, CANCELLATION AND TERMINATION. a. The PO can be changed, terminated terminated, suspended or canceled by Buyer for any reasonwithout cause, including convenience upon thirty (30) days prior written notification to Seller or immediately upon an event of default by Seller. .
b. In the event of a change, Buyer and Seller will make a fair and equitable modification to their rights and obligations under the PO, if such change results in an increase or decrease in costs to be incurred or time needed to complete performance of the PO. Termination or cancellation for convenience by Buyer will entitle Seller to payment for only those goods or services delivered, received and accepted, and not subsequently rejected by Buyer. Buyer may immediately terminate the PO without prejudice to any right or remedy, after giving Seller notice of any breach by Seller of its obligations hereunder.
Appears in 1 contract
Samples: Purchase Order Agreement
