Common use of Termination by Mutual Agreement between the Parties Clause in Contracts

Termination by Mutual Agreement between the Parties. a. If the parties consider that, due to existing circumstances, the achievement of the objectives of the contract is no longer possible at all or not to the satisfactory degree, the parties may decide at any moment to terminate the contract on a date mutually agreed upon. b. The decision of termination shall be signed by the Authority Representatives of both Parties and shall be without prejudice to any other rights of the parties under the contract.

Termination by Mutual Agreement between the Parties. a. If the parties consider that, due to existing circumstances, the achievement of the objectives of the contract is no longer possible at all or not to the satisfactory degree, the parties may decide at any moment to terminate the contract on a date mutually agreed upon. b. The decision of termination shall be signed by the Authority Representatives of both Parties and shall be without prejudice to any other rights of the parties under the contract. 5.3.3.