Common use of Termination (Breach of contract) Clause in Contracts

Termination (Breach of contract). 24.1 If the Contractor (including its sub‐contractors) is ‐ even without fault ‐ in default with its deliveries or services, the Purchaser shall have the unrestricted right to terminate the contract in whole or in part after having granted a single, written and reasonable grace period (in the Purchaser’s discretion). The Contractor shall be liable for any damage that may arise due to performance contrary to the terms of contract (e.g. late delivery, incl. documentation, non‐achievement of guaranteed qualities or performance, etc.) and for any direct extra cost of whatever nature.

Termination (Breach of contract). 24.1 If the Contractor (including its sub‐contractors) is ‐ even without fault ‐ in default with its deliveries or services, the Purchaser shall have the unrestricted right to terminate the contract in whole or in part after having granted a single, written and reasonable grace period (in the Purchaser’s discretion). The Contractor shall be liable for any damage that may arise due to performance contrary to the terms of contract (e.g. late delivery, incl. documentation, non‐achievement non‐ achievement of guaranteed qualities or performance, etc.) and for any direct extra cost of whatever nature.