Termination Cancellation Stop Work Sample Clauses
The TERMINATION/CANCELLATION/STOP WORK clause defines the conditions under which one or both parties may end or suspend the contract before its natural completion. This clause typically outlines the procedures for providing notice, the obligations of each party upon termination, and any compensation or penalties that may apply. For example, it may allow a client to halt a project due to budget constraints or enable a contractor to stop work if payments are not received. Its core function is to provide a clear framework for ending the contractual relationship in an orderly manner, thereby reducing uncertainty and potential disputes.
Termination Cancellation Stop Work. (a) Termination-Convenience: The performance of work under this Order may be terminated, in whole or in part, by Buyer for Buyer's convenience in accordance with the "Termination" clause in FAR 52.249-2, which is incorporated herein by reference, except "Government" and "Contracting Officer" means Buyer, "Con- tractor" means Seller, and "Contract" means this Order; in subparagraph (d) change the period of 1 year to 6 months; delete subparagraph (i) in its entirety, and in subparagraph (k) change "90 days" to "30 days". ▇▇▇▇▇'s right of termination hereunder is independent of any Government prime contract convenience termination.
Termination Cancellation Stop Work a. Termination for Convenience: The performance of work under an Order may be terminated whole or in part by Buyer for Buyer’s convenience, at any time and without regard to whether Buyer’s contract with its customer may have been terminated.
Termination Cancellation Stop Work