Termination by Client with Cause Sample Clauses
The 'Termination by Client with Cause' clause allows the client to end the contract if the other party breaches its terms or fails to meet agreed-upon obligations. Typically, this clause outlines specific conditions that constitute cause, such as non-performance, violation of laws, or failure to deliver services as promised, and may require the client to provide written notice and an opportunity to cure the breach. Its core function is to protect the client by providing a clear and enforceable mechanism to exit the agreement when the service provider does not fulfill their contractual responsibilities.
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Termination by Client with Cause. Upon the occurrence of a Termination Event (as defined below) Client shall have the right to terminate this Agreement immediately by providing written notice of termination to Agency. A Termination Event shall have occurred as to Client if:
i. Agency dissolves, closes for business, terminates its existence, fails to pay debts or make remittances to Client as they become due, files for bankruptcy (either voluntarily or involuntarily), applies for the appointment of a receiver or custodian, or makes an assignment for the benefit of creditors;
ii. Agency is acquired by or merges into another Agency by which Client does not wish to be represented following such merger or acquisition;
iii. Agency fails to perform any legal obligation or duty owed to Client or violates any of the terms or covenant set forth in this Agreement, including but not limited to Agency’s failure to comply with any Collection Laws, Client’s Performance Standards, or the Agency’s Policies and Procedures;
iv. Any third party obtains an adverse decision against Agency regarding the improper handling of client funds;
v. Agency or any of its members, employees or agents commits an act amounting to dishonesty or breach of trust with respect to Client or any Referred Account during the term of this Agreement;
vi. Disciplinary or disbarment proceedings are initiated against Agency or Agency’s attorney; or
vii. Client identifies any material issues, in its sole determination, in any Audit performed by Client pursuant to Section 14.
Termination by Client with Cause. Client may terminate this Agreement with Cause effective upon ten (10) days prior written notice to Contractor. Upon termination of this Agreement with cause, Client will:
a) Pay Contractor current month Monthly Fee cited in Exhibit B b) Pay Contractor current month of Variable Fee cited in Exhibit B
Termination by Client with Cause. This Agreement may be terminated by Client upon a material breach of any provision of this Agreement by IHMMCC that is not cured within thirty (30) days after written notice is given to IHMMCC specifying the nature of the alleged breach or upon any change in law or regulation that would inure to the detriment of Client. In the event of termination of this agreement all fees owed IHMMCC by client remains due and payable as per the payment terms section of the agreement, for the entire term of the agreement
Termination by Client with Cause. Upon the occurrence of a Termination Event (as defined below) Client shall have the right to terminate this Agreement immediately by providing written notice of termination to Agency. This Right to Terminate shall exist as long as any Termination Event persists but shall no longer exist as soon as all Termination Events are cured or remedied. A Termination Event shall have occurred as to Client if:
i. Agency dissolves, closes for business, terminates its existence, fails to pay debts, or make remittances to Client as they become due, files for bankruptcy (either voluntarily or involuntarily), applies for the appointment of a receiver or custodian, or makes an assignment for the benefit of creditors;
ii. Agency is acquired by or merges into another Agency by which Client does not wish to be represented following such merger or acquisition. Should this Termination Event occur, Client shall have 30 days to terminate this Agreement upon this Termination Event occurring or this Termination Event shall be deemed cured;
iii. Agency fails to perform any legal obligation or duty owed to Client or violates any of the terms or covenant set forth in this Agreement, including but not limited to Agency’s failure to comply with any Collection Laws.
iv. Any third party obtains an adverse decision against Agency regarding the improper handling of client funds; or
v. Agency or any of its members, employees or agents commits an act amounting to dishonesty or breach of trust with respect to Client or any Referred Account during the term of this Agreement.