Common use of Termination For Schlumberger’s Convenience Clause in Contracts

Termination For Schlumberger’s Convenience. Schlumberger will have the right to terminate this Agreement for convenience after the full Initial Consideration obligation is met upon thirty (30) days written notice Any termination under this provision will not result in any penalties or refunds of consideration being due from ERF; however, the Parties agree to negotiate a new agreement to allow Schlumberger to continue as a standard reseller, without exclusivity.

Termination For Schlumberger’s Convenience. Schlumberger will have the right to terminate this Agreement for convenience after the full Initial Consideration obligation is met upon thirty (30) days written notice notice. Any termination under this provision will not result in any penalties or refunds of consideration being due from ERF; however, the Parties agree to negotiate a new agreement to allow Schlumberger to continue as a standard reseller, without exclusivity.