Termination with Termination Fee Sample Clauses
A Termination with Termination Fee clause allows one or both parties to end a contract before its agreed-upon expiration by paying a specified fee. Typically, this fee is predetermined and may be a fixed amount or calculated based on the remaining value of the contract. For example, if a service agreement is terminated early, the terminating party might owe a percentage of the remaining payments as compensation. The core function of this clause is to provide a clear, agreed-upon consequence for early termination, thereby compensating the non-terminating party for potential losses and discouraging arbitrary contract cancellations.
Termination with Termination Fee. In addition to the rights of the parties to terminate this Agreement without payment of fees pursuant to Sections 5, 10(a), and 17, Rights Holder may terminate this Agreement by provision of written notice of termination to Lead Translator and Babelcube subject to payment of a termination fee.
i) Before final version of the Translated Book has been approved
Termination with Termination Fee. In addition to the rights of Producer to terminate this Agreement without payment of fees pursuant to Section 5(b)(i), Producer may terminate this Agreement by provision of written notice of termination to Editor if Producer is not satisfied with the final edited recording of the Audiobook, subject to payment of a termination fee equal to 50% of the cost of Editor’s Services based on the per-hourly fee set forth in Section 4, provided that if Producer uses more than 50% of the finished audio edited by Editor in the Audiobook, Producer must pay Editor the full amount for Editor’s
Termination with Termination Fee. In addition to the rights of Producer to terminate this Agreement without payment of fees pursuant to Section 5(b)(i), Producer may terminate this Agreement by provision of written notice of termination to Narrator if Producer is not satisfied with the final completed recording of the Narration, subject to payment of a termination fee equal to 50% of the cost of Narrator’s services using the per hourly fee set forth in Section 4 and Producer’s estimate of the total hours of finished audio for the completed Audiobook.