Termination for Mutual Convenience Clause Samples
The Termination for Mutual Convenience clause allows both parties to end the contract at any time by mutual agreement, regardless of whether there has been a breach or default. In practice, this means that if both sides decide the arrangement is no longer beneficial or circumstances have changed, they can formally agree to terminate the contract without penalty. This clause provides flexibility and ensures that neither party is forced to continue with an agreement that no longer serves their interests, thereby reducing the risk of disputes or unwanted obligations.
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Termination for Mutual Convenience. ARC or the Subgrantee may terminate this agreement in whole or in part when both parties agree that the continuation of the project would not produce beneficial results commensurate with the further expenditure of funds. The two parties shall, through formal written amendment, agree upon the termination conditions, including the effective date and, in the case of partial termination, the portion to be terminated. The Subgrantee shall not incur new obligations for the terminated portion after the effective date, and shall cancel as many outstanding obligations as possible. ARC shall evaluate each noncancelable obligation to determine its eligibility for inclusion in project costs. Settlement will be made in accordance with the terms and conditions of this agreement. ARC shall allow full credit to the Subgrantee for the ARC share of the non- cancelable obligations, properly incurred by the Subgrantee prior to termination.
Termination for Mutual Convenience. The DEPARTMENT and the MCO may terminate this contract at any time if both parties mutually agree in writing to termination. At least sixty (60) days shall be allowed. The effective date must be the first day of a month. The MCO shall, upon such mutual agreement being reached, be paid at the capitation rate for enrolled recipients through the termination of the contract.
Termination for Mutual Convenience. If, through no fault of the Contractor, or because of circumstances beyond the Contractor’s control, this Agreement may be terminated upon fourteen (14) days written notice to the City. If the Agreement is terminated by the Contractor as provided herein, the Contractor will be paid for the work completed up to the termination date.
Termination for Mutual Convenience. MARC or the Subgrantee may terminate this agreement in whole or in part when both parties agree that the continuation of the Project would not produce beneficial results commensurate with the further expenditure of funds. The two parties shall, through formal written amendment, agree upon the termination conditions, including the effective date and, in the case of partial termination, the portion to be terminated. The Subgrantee shall not incur new obligations for the terminated portion after the effective termination date, and shall cancel as many outstanding obligations as possible. MARC shall evaluate each non-cancelable obligation to determine its eligibility for inclusion in Project costs. MARC shall allow full credit to the Subgrantee for the MARC share of the non-cancelable obligations, properly incurred by the Subgrantee prior to termination and accepted by MARC.
Termination for Mutual Convenience. The party may terminate this Agreement by mutual agreement upon 90 Days written notice. Upon termination, Distribution of the AHI technology shall cease distribution and all license agreements with 3rd parties of the Technology and promptly return or destroy all copies of the Technology and relation confidential information in its possession.
Termination for Mutual Convenience. Either party may terminate this Agreement in whole or in part when both parties agree that the continuation of the Project would not produce beneficial results commensurate with the further expenditure of funds. The two parties shall, through formal Agreement amendment, agree upon the termination conditions, including the effective date and, in the case of partial termination, the portion to be terminated. The City shall not incur new obligations from the date of termination. The Authority shall allow full credit to the City for non-cancelable obligations, properly incurred by the City prior to termination.