Common use of EXPIRATION OF THE CONTRACT Clause in Contracts

EXPIRATION OF THE CONTRACT. 6.1. The contractual parties hereby agree that the contract shall terminate upon: a/ performance of the subject of the contract by the Contractor b/ cancellation by the Ordering Party c/ cancellation by the Contractor 6.2. The contractual parties shall be authorized to cancel this contract in the event of a material breach of the contract by the other contractual party. 6.3. In the event of the cancellation of this contract by the Ordering Party, this party shall reimburse the Contractor for incurred, documented costs provided that such part is of use or has already been consumed by Contractor prior to the occurrence of the material breach. Contractor shall hand over to the Ordering Party the subject of the contract, its parts, components and all documentation in the state in which it exists at the time of a cancellation of this contract.