Common use of Duration of Agreement & Termination Clause in Contracts

Duration of Agreement & Termination. This Agreement will terminate upon the earlier of the following events: The Parties agree unanimously to terminate this Agreement, Termination pursuant to Art. 9.2 or Art. 10. If the Consultant is in serious or continued breach or default in the performance of any of its obligations under this Agreement and does not remedy such breach or default within fifteen (15) days following delivery to the Consultant a written notice from the Client on the breach/delay of the Agreement, then the Client abiding by the Agreement shall have the right to immediately terminate this Agreement by giving written notice to that effect to the Consultant in breach or default. The termination of the Agreement according to the previous sentence is effective on the day the written notice is delivered to the Consultant in breach. The termination by either Party shall be subject to a notice in writing. The Client shall have a right to terminate this Agreement with immediate effect if the Consultant should enter into liquidation, either voluntary or compulsory, or be decided as insolvent by a competent court. Upon expiry or termination of this Agreement (for whatever reason) no termination payment shall be due from any Party to the other Party. However, Consultant shall be entitled to a pro rata remuneration for the Services and works already completed up to the date of such termination if the Services and works are useful for the Client (upon Client's consideration) and shall be provided to the Client before expire or termination of the Agreement.

Duration of Agreement & Termination. This Agreement will terminate upon the earlier of the following events: The Parties agree unanimously to terminate this Agreement, Termination pursuant to Art. 9.2 or Art. 10. If the Consultant is in serious or continued breach or default in the performance of any of its obligations under this Agreement and does not remedy such breach or default within fifteen (15) days following delivery to the Consultant a written notice from the Client on the breach/delay of the Agreement, then the Client abiding by the Agreement shall have the right to immediately terminate this Agreement by giving written notice to that effect to the Consultant in breach or default. The termination of the Agreement according to the previous sentence is effective on the day the written notice is delivered to the Consultant in breach. The termination by either Party shall be subject to a notice in writing. The Client shall have a right to terminate this Agreement with immediate effect if the Consultant should enter into liquidation, either voluntary or compulsory, or be decided as insolvent by a competent court. Upon expiry or termination of this Agreement (for whatever reason) no termination payment shall be due from any Party to the other Party. However, Consultant shall Services in maximal amount equal to CZK ………………..may be entitled provided pursuant to a pro rata remuneration for the Services and works already completed up this Agreement. This Agreement terminates to the date of such termination if when the Services limit is reached. The Consultant is obliged to monitor what amount has been drawn from the total financial volume and works are useful for timely notify the Client (upon Client's consideration) and shall in advance, in case that the limit may be provided to the Client before expire or termination of the Agreementreached.

Duration of Agreement & Termination. This Agreement will terminate upon the earlier of the following events: The Parties agree unanimously to terminate this Agreement, Termination pursuant to Art. 9.2 or Art. 10. If the Consultant is in serious or continued breach or default in the performance of any of its obligations under this Agreement and does not remedy such breach or default within fifteen (15) days following delivery to the Consultant a written notice from the Client on the breach/delay of the Agreement, then the Client abiding by the Agreement shall have the right to immediately terminate this Agreement by giving written notice to that effect to the Consultant in breach or default. The termination of the Agreement according to the previous sentence is effective on the day the written notice is delivered to the Consultant in breach. The termination by either Party shall be subject to a notice in writing. The Client shall have a right to terminate this Agreement with immediate effect if the Consultant should enter into liquidation, either voluntary or compulsory, or be decided as insolvent by a competent court. Upon expiry or termination of this Agreement (for whatever reason) no termination payment shall be due from any Party to the other Party. However, Consultant shall be entitled to a pro rata remuneration for the Services and works already completed up to the date of such termination if the Services and works are useful for the Client (upon Client's consideration) and shall be provided to the Client before expire or termination of the Agreement.