No Termination Fees Clause Samples
The No Termination Fees clause prohibits either party from charging or collecting any fees or penalties if the agreement is ended before its scheduled completion. In practice, this means that if one party decides to terminate the contract early, they are not required to pay a cancellation fee or any other financial penalty related to the early termination. This clause is designed to give both parties flexibility and reduce financial risk, ensuring that they can exit the agreement without incurring additional costs if circumstances change.
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No Termination Fees. In no event shall Company be responsible for the payment of any termination charge, winddown expense, or any additional fee, payment or penalty of any type in connection with any termination of a Service Agreement or Service, except and to the extent provided in the Master Services Schedules.
No Termination Fees. The Parties acknowledge and agree that neither a Termination Fee nor a Reverse Termination Fee shall be payable in connection with the Termination.
No Termination Fees. The termination of an Ordering Document by Purchaser shall be without any additional liability or cancellation payment by Purchaser to Vendor.
No Termination Fees. Contractor must not impose any termination fees for Services provided under this Contract.