Termination Upon 30-Day Notice Sample Clauses
The 'Termination Upon 30-Day Notice' clause allows either party to end the agreement by providing a written notice at least 30 days in advance. In practice, this means that if one party decides to discontinue the relationship for any reason, they must inform the other party and wait 30 days before the termination becomes effective. This clause provides flexibility and a clear exit strategy, ensuring that both parties have sufficient time to prepare for the end of the contract and transition their obligations accordingly.
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Termination Upon 30-Day Notice. This Agreement may be terminated by Broker without cause upon at least ***. If Broker terminates this Agreement pursuant to this Section 14.1, GAIN shall have the right to limit the number of new accounts it accepts from Broker during the period between the giving of notice and the transfer of Broker’s accounts. In the event that Broker terminates this Agreement pursuant to this Section 14.1: (a) if the ,effective date of termination is on or before ***, Broker shall pay to GAIN a fee of ***; (b) if the effective date of termination is on or before ***, Broker shall pay to GAIN a fee of ***; (c) if the effective date of termination is on or before ***, Broker shall pay to GAIN a fee of ***; and, (d) if the effective date of termination is on or after ***, but prior to ***, Broker shall pay to GAIN a fee of ***; provided, however, in no event shall any fee be payable if Broker’s notice to terminate is given prior to Compatibility being attained to Broker’s satisfaction or if Broker’s notice of termination is given prior to the sixtieth day following the date Customers first begin executing forex deals with GAIN via the Compatibility as contemplated by this Agreement. If any fee described in this Section 14.1 is payable by Broker, it shall be paid on or before the effective date of termination and, when paid, shall constitute a lump-sum royalty payment for a continuation of the license from GAIN to Broker of the forex market data pursuant to Section 2.1.7 (and, upon such payment being made, such license shall automatically be so extended) from the effective date of termination through ***.
Termination Upon 30-Day Notice. This Agreement may be terminated by Broker without cause upon at least thirty days prior notice. If Broker terminates this Agreement pursuant to this Section 14.1, GAIN shall have the right to limit the number of new accounts it accepts from Broker during the period between the giving of notice and the transfer of Broker’s accounts. In the event that Broker terminates this Agreement pursuant to this Section 14.1: (a) if the ,effective date of termination is on or before December 31, 2005, Broker shall pay to GAIN a fee of $250,000; (b) if the effective date of termination is on or before December 31, 2006, Broker shall pay to GAIN a fee of $125,000; (c) if the effective date of termination is on or before August 31, 2007, Broker shall pay to GAIN a fee of $62,500; and, (d) if the effective date of termination is on or after September 1,2007, but prior to March 1, 2008, Broker shall pay to GAIN a fee of $31,250; provided, however, in no event shall any fee be payable if Broker’s notice to terminate is given prior to Compatibility being attained to Broker’s satisfaction or if Broker’s notice of termination is given prior to the sixtieth day following the date Customers first begin executing forex deals with GAIN via the Compatibility as contemplated by this Agreement. If any fee described in this Section 14.1 is payable by Broker, it shall be paid on or before the effective date of termination and, when paid, shall constitute a lump-sum royalty payment for a continuation of the license from GAIN to Broker of the forex market data pursuant to Section 2.1.7 (and, upon such payment being made, such license shall automatically be so extended) from the effective date of termination through March 31, 2008.
Termination Upon 30-Day Notice. This Agreement may be terminated by either party without cause upon thirty days prior notice. If either party terminates the Agreement pursuant to this subparagraph, RJO shall have the right to impose reasonable limitations upon Broker's activities during the period between the giving of Notice and the transfer of Broker's accounts.