Common use of Principal's right to discretionary termination Clause in Contracts

Principal's right to discretionary termination. 16.1.1 The Principal may terminate the Contract at its discretion at any time until Practical Completion by written notice to the Contractor referring to this clause 16.1.1, and specifying the reason for the early termination. 16.1.2 In the event of termination under 16.1.1, the provisions of 14.1.2 shall apply.

Appears in 9 contracts

Samples: Major Works Contract, Major Works Contract, Major Works Contract

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Principal's right to discretionary termination. 16.1.1 The Principal may terminate the Contract at its discretion at any time until Practical Completion by written notice to the Contractor referring to this clause 16.1.1, and specifying the reason for the early termination. 16.1.2 In the event of termination under 16.1.1, the provisions of 14.1.2 shall apply.

Appears in 1 contract

Samples: Major Works Contract

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