Common use of General Contractor’s Responsibility Upon Termination Clause in Contracts

General Contractor’s Responsibility Upon Termination. Irrespective of the reason for termination or the party terminating, if this Contract For Construction is terminated, the General Contractor shall, unless notified otherwise by the Owner, (i) immediately stop work; (ii) terminate outstanding orders and subcontracts; (iii) settle the liabilities and claims arising out of the termination of subcontracts and orders with amounts paid by the Owner; and (iv) transfer title and deliver to the Owner such completed or partially completed Work, and, if paid for by the Owner, materials, equipment, parts, fixtures, information and such contract rights as the General Contractor has.

General Contractor’s Responsibility Upon Termination. Irrespective of the reason for termination or the party terminating, if this Contract For Construction Agreement is terminated, the General Contractor shall, unless notified otherwise by the Owner, (i) immediately stop work; (ii) terminate outstanding orders and subcontracts; (iii) settle the liabilities and claims arising out of the termination of subcontracts and orders with amounts paid by the Ownerorders; and (iv) transfer title and deliver to the Owner such completed or partially completed Work, and, if paid for by the Owner, materials, equipment, parts, fixtures, information and such contract rights as the General Contractor has.