Common use of Termination by Parties Clause in Contracts

Termination by Parties. Both Parties reserve the right to terminate this Contract at any time for any reason by giving the other party written notice by Registered or Certified Mail of such termination. However, the parties will attempt to give the other party 20 days’ written notice, but reserves the right to give immediate written notice, if said reason for termination is due to illegal activities, unethical activities, or against mission or vision of the terminating Party. In the event of said termination, Contractor shall reduce its activities hereunder, as mutually agreed to, upon receipt of said notice. Upon said termination, Contractor shall be paid for all services rendered through the date of termination, including any retainage. This section also applies should the Milwaukee Board of School Directors fail to appropriate additional monies required for the completion of the Contract.

Termination by Parties. Both Parties reserve the right to terminate this Contract at any time for any reason by giving the other party written notice by Registered or Certified Mail of such termination. However, the parties each party will attempt to give the other party 20 days’ written notice, but reserves the right to give immediate written notice, if said reason for termination is due to illegal activities, unethical activities, or against the mission or vision of the terminating Party. In the event of said termination, Contractor shall reduce its activities hereunder, as mutually agreed to, upon receipt of said notice. Upon said termination, Contractor shall be paid for all services rendered through the date of termination, including any retainage. This section also applies should the Milwaukee Board of School Directors fail to appropriate additional monies required for the completion of the Contract.