Common use of Termination and Reduction Clause in Contracts

Termination and Reduction. ‌ 16.1 Should acts of God, fire, storm, flood, earthquake, explosion, accident, acts of a public enemy or terrorism, war, political upheaval, rebellion, insurrection, sabotage, epidemic, quarantine restrictions, industrial dispute, withdrawal of necessary support for the Project by a host nation government listed in the International Arrangements, transportation embargo or failure or delay in transportation render the completion of the Project impossible or unfeasible, either Party may terminate this Agreement upon providing the other with three months’ written notice.

Appears in 4 contracts

Samples: Research Agreement, Research Agreement, Research Agreement

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