Termination by the partner Sample Clauses
The 'Termination by the partner' clause grants the partner the explicit right to end the agreement under specified circumstances. Typically, this clause outlines the conditions under which the partner may initiate termination, such as breach of contract, insolvency, or failure to meet performance standards, and may require advance written notice. Its core practical function is to provide the partner with a clear and structured mechanism to exit the agreement if certain issues arise, thereby protecting their interests and ensuring flexibility in the business relationship.
Termination by the partner. The partner may terminate the framework agreement at any time by giving 60 days' written notice. Where he avails himself of that right, he must undertake to complete the implementation of any specific agreements which have entered into force before the date when termination of the framework agreement takes effect. In duly justified cases, the partner may withdraw his request for a grant and terminate a specific agreement which is in the process of being implemented by giving 60 days' written notice stating the reasons, without being required to furnish any indemnity on this account. If no reasons are given or if the Commission does not accept the reasons, the partner shall be deemed to have terminated the agreement improperly, with the consequences set out in the fourth subparagraph of paragraph 4.
Termination by the partner. In the event that the Partner decides to terminate this Agreement for any reason whatsoever, the Partner shall provide the Municipality with at least one year’s prior written notice of its decision to terminate this Agreement.