Termination with no Termination Fee Sample Clauses
The 'Termination with No Termination Fee' clause allows either party to end the agreement without incurring any financial penalty or fee for doing so. In practice, this means that if one party decides to terminate the contract before its natural expiration, they are not required to pay a predetermined termination charge or compensation to the other party. This clause is particularly useful in providing flexibility and reducing financial risk, as it enables parties to exit the agreement without the burden of additional costs, thereby encouraging more adaptable and responsive business relationships.
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Termination with no Termination Fee. In addition to the rights of the parties to terminate this Agreement without payment of fees pursuant to Sections 5, 17, the parties may terminate this Agreement with no fee or compensation of any kind owing to each other as follows: (i) Lead Translator may terminate this Agreement without reason until the Rights Holder approves the Completed Translated Book, provided that Lead Translator provides written notice of termination to Rights Holder; and (ii) Rights Holder may terminate this Agreement if Lead Translator fails to deliver the first 10 pages of the Translated Book or the final version of the Translated Book for Rights Holder’s approval by the applicable date set forth in Appendix A and fails to do so within 48 hours of either the Rights Holder’s written request to Lead Translator to do so or a written reminder from Babelcube.
Termination with no Termination Fee. Producer may terminate this Agreement by provision of written notice of termination to Narrator and will owe no payment to Narrator in the event that (A) Narrator fails to confirm (including in an email sent to Producer at an email address designated by Producer), by (Date), Narrator’s commitment to appear to perform the Narration on the dates and in the locations specified by Producer, or (B) Producer or Rights Holder is not satisfied with Narrator’s performance of the initial 15 finished minutes of the Narration, provided that, if Producer uses Narrator’s initial 15 minutes of the Narration in the Audiobook, Producer must pay Narrator for Narrator’s services in connection with recording such initial 15 minutes, based on the per finished audio hourly fee set forth in Section 4.
Termination with no Termination Fee. Producer may terminate this Agreement by provision of written notice of termination to Editor and will owe no payment to Editor in the event that: (A) Editor fails to confirm in writing (including in an email sent to Producer at an email address designated by Producer), by
Termination with no Termination Fee. Producer may terminate this Agreement by provision of written notice of termination to Editor and will owe no payment to Editor in the event that: (A) Editor fails to confirm in writing (including in an email sent to Producer at an email address designated by Producer), by (Date), Editor‟s commitment to appear to perform the Services on the dates and in the locations specified by Producer, or (B) Producer is not satisfied with the initial 15 minutes of the edited recording of the Audiobook, provided that, if Producer uses any of the initial 15 minutes of audio edited by Editor in the Audiobook, Producer must pay Editor for Editor‟s Services in connection with editing such audio, based on the per hourly fee set forth in Section 4.