Common use of Termination of Services Clause in Contracts

Termination of Services. 11.1. Owner, by notifying Appraiser in writing, may terminate any or all of the services covered by this Agreement. If the termination occurs at the completion of a specific phase of the Project, Appraiser will prepare and submit a final statement or invoice under Article 9. If the termination occurs before such completion, Appraiser may expend a reasonable amount of additional time to assemble work in progress for the purpose of proper filing and closing of the job. However, such additional time may not exceed five percent of the total time expended to the date of notice of termination or a designated total time agreed upon in this Agreement and/or Task Order. All charges thus incurred, together with associated expenses reasonably incurred by Appraiser and reasonable charges for any other commitments outstanding at the time of termination (such as for termination of consulting Appraisers, rental agreements, orders for printing etc.), are payable by Owner within 45 days following submission of a final statement by Appraiser.

Termination of Services. 11.1. Owner, by notifying Appraiser in writing, may terminate any or all of the services covered by this Agreement. If the termination occurs at the completion of a specific phase of the Project, Appraiser will prepare and submit a final statement or invoice under Article 9. If the termination occurs before such completion, Appraiser may expend a reasonable amount of additional time to assemble work in progress for the purpose of proper filing and closing of the job. However, such additional time may not exceed five percent of the total time expended to the date of notice of termination or a designated total time agreed upon in this Agreement and/or Task Order. All charges thus incurred, together with associated expenses reasonably incurred by Appraiser and reasonable charges for any other commitments outstanding at the time of termination (such as for termination of consulting Appraisersengineers, rental agreements, orders for printing etc.), are payable by Owner within 45 days following submission of a final statement by Appraiser.