Right of Termination for Convenience. Prior to, or during the performance of the Work, the Owner reserves the right to terminate the Contract in whole or in part, for any reason whatsoever (including, but not necessarily limited to, funding limitations). Upon such an occurrence the Owner will immediately notify the design professional and the Contractor in writing specifying the effective termination date of the Contract. After receipt of the Notice of Termination, the Contractor shall immediately proceed with the following obligations, regardless of any delay in determining or adjusting any amounts due at the point in the Contract:
Appears in 10 contracts
Samples: Owner Contractor Agreement, Contractor Agreement, imlive.s3.amazonaws.com
