Common use of Contract Period and Termination Clause in Contracts

Contract Period and Termination. 13.1. The User has the right without any judicial intervention to terminate all Agreements concluded between the User and the Customer with immediate effect, without being liable for damages and without prejudice to any of its other rights, if: a. the Customer is declared bankrupt or is granted a suspension of payment; b. a petition in bankruptcy or a petition for a suspension of payment is filed against the Customer; c. the Customer offers its creditors a composition; d. the Customer ceases or is about to cease its business; e. any circumstances that have come to the User’s attention after conclusion of the Agreement that provide valid reason to fear that the Customer will fail to perform its obligations correctly and/or in time, and/or if in the User’s opinion collection of current or future claims cannot be guaranteed; f. the Customer fails to perform any of its obligations under the Agreement or on the basis of applicable law, or to do so in full or in time, after having been given fourteen (14) days to cure any such default by the User; g. due to a delay on the part of the Customer the User can no longer be required to perform the Agreement on the conditions originally agreed upon; or h. circumstances occur of such a nature that performance of the Agreement is impossible or the User cannot reasonably be required to continue the Agreement on the conditions originally agreed upon. 13.2. On termination of the Agreement all claims that the User has against the Customer will be immediately due and payable and the User is entitled to payment for the work already performed under the Agreement and the costs incurred by it till the moment of termination. 13.3. If the Agreement is terminated on the basis of Article 13.1, the User is entitled to reimbursement of the loss, including the costs, consequently incurred by it and/or damages suffered. In the event of termination or suspension of the Agreement, the User is in no event liable for loss and/or damages incurred by the Customer unless the suspension or termination is based on facts and circumstances resulting from recklessness or gross negligence on the part of the User.

Contract Period and Termination. 13.114.1. The User has the right without any judicial intervention to terminate all Agreements concluded between the User and the Customer with immediate effect, without being liable for damages and without prejudice to any of its other rights, if: a. the Customer is declared bankrupt or is granted a suspension of payment; b. a petition in bankruptcy or a petition for a suspension of payment is filed against the Customer; c. the Customer offers its creditors a composition; d. the Customer ceases or is about to cease its business; e. any circumstances that have come to the User’s attention after conclusion of the Agreement that provide valid reason to fear that the Customer will fail to perform its obligations correctly and/or in time, and/or if in the User’s opinion collection of current or future claims cannot be guaranteed; f. the Customer fails to perform any of its obligations under the Agreement or on the basis of applicable law, or to do so in full or in time, after having been given fourteen (14) 14 days to cure any such default by the User; g. due to a delay on the part of the Customer the User can no longer be required to perform the Agreement on the conditions originally agreed upon; or h. circumstances occur of such a nature that performance of the Agreement is impossible or the User cannot reasonably be required to continue the Agreement on the conditions originally agreed upon. 13.214.2. On termination of the Agreement all claims that the User has against the Customer will be immediately due and payable and the User is entitled to payment for the work already performed under the Agreement and the costs incurred by it till the moment of termination. 13.314.3. If the Agreement is terminated on the basis of Article 13.1article 14.1, the User is entitled to reimbursement of the loss, including the costs, consequently incurred by it and/or damages suffered. In the event of termination or suspension of the Agreement, the User is in no event liable for loss and/or damages incurred by the Customer unless the suspension or termination is based on facts and circumstances resulting from recklessness or gross negligence on the part of the User.

Contract Period and Termination. 13.115.1. The User has the right without any judicial intervention to terminate all Agreements concluded between the User and the Customer with immediate effect, without being liable for damages and without prejudice to any of its other rights, if: a. the Customer is declared bankrupt or is granted a suspension of payment; b. a petition in bankruptcy or a petition for a suspension of payment is filed against the Customer; c. the Customer offers its creditors a composition; d. the Customer ceases or is about to cease its business; e. any circumstances that have come to the User’s attention after conclusion of the Agreement that provide valid reason to fear that the Customer will fail to perform its obligations correctly and/or in time, and/or if in the User’s opinion collection of current or future claims cannot be guaranteed; f. the Customer fails to perform any of its obligations under the Agreement or on the basis of applicable law, or to do so in full or in time, after having been given fourteen (14) 14 calendar days to cure any such default by the User; g. due to a delay on the part of the Customer the User can no longer be required to perform the Agreement on Agreementon the conditions originally agreed upon; or h. circumstances occur of such a nature that performance of the Agreement is impossible or the User cannot reasonably be required to continue the Agreement on the conditions originally agreed upon. 13.215.2. On termination of the Agreement all claims that the User has against the Customer will be immediately due and payable and the User is entitled to payment for the work already performed under the Agreement and the costs incurred by it till the moment of termination. 13.315.3. If the Agreement is terminated on the basis of Article 13.1article 15.1, the User is entitled to reimbursement of the loss, including the costs, consequently incurred by it and/or damages suffered. In the event of termination or suspension of the Agreement, the User is in no event liable for loss and/or damages incurred by the Customer unless the suspension or termination is based on facts and circumstances resulting from recklessness or gross negligence on the part of the User.

Contract Period and Termination. 13.114.1. The User has the right without any judicial intervention to terminate all Agreements concluded between the User and the Customer with immediate effect, without being liable for damages and without prejudice to any of its other rights, if: a. the Customer is declared bankrupt or is granted a suspension of payment; b. a petition in bankruptcy or a petition for a suspension of payment is filed against the Customer; c. the Customer offers its creditors a composition; d. the Customer ceases or is about to cease its business; e. any circumstances that have come to the User’s attention after conclusion of the Agreement that provide valid reason to fear that the Customer will fail to perform its obligations correctly and/or in time, and/or if in the User’s opinion collection of current or future claims cannot be guaranteed; f. the Customer fails to perform any of its obligations under the Agreement or on the basis of applicable law, or to do so in full or in time, after having been given fourteen (14) 14 days to cure any such default by the User; g. due to a delay on the part of the Customer the User can no longer be required to perform the Agreement Agree- ment on the conditions originally agreed upon; or h. circumstances occur of such a nature that performance of the Agreement is impossible or the User cannot reasonably be required to continue the Agreement on the conditions originally agreed upon. 13.214.2. On termination of the Agreement all claims that the User has against the Customer will be immediately due and payable and the User is entitled to payment for the work already performed under the Agreement and the costs incurred by it till the moment of termination. 13.314.3. If the Agreement is terminated on the basis of Article 13.1article 14.1, the User is entitled to reimbursement of the loss, including the costs, consequently incurred by it and/or damages suffered. In the event of termination or suspension of the Agreement, the User is in no event liable for loss and/or damages incurred by the Customer unless the suspension or termination is based on facts and circumstances resulting from recklessness or gross negligence on the part of the User.