Common use of No Fault Termination Clause in Contracts

No Fault Termination. The Company may terminate the Agreement on at least [insert period e.g. 3 months’] prior notice to the Distributor.] [User note: Include clause 15.2 where it would be useful for the Company to be able to terminate the agreement “at will”. If clause 15.2 is retained, clause 15.3 should be titled “Other termination rights”.]

No Fault Termination. The Company may terminate the Agreement on at least [insert period e.g. 3 months’] prior notice to the Distributor.] [User note: Include clause 15.2 where it would w ould be useful for the Company to be able to terminate the agreement “at will”. If clause 15.2 is retained, clause 15.3 should be titled “Other termination rights”.]

No Fault Termination. The Company may terminate the Agreement on at least [insert period e.g. 3 months’] prior notice to the DistributorReseller.] [User note: Include clause 15.2 14.2 where it would be useful for the Company to be able to terminate the agreement “at will”. If clause 15.2 14.2 is retained, clause 15.3 14.3 should be titled “Other termination rights”.]