Common use of Vendor’s Right to Stop Work Clause in Contracts

Vendor’s Right to Stop Work. 16.4.1 Vendor may, in addition to any other rights afforded under the Contract Documents or at law, stop work for Owner’s failure to pay amounts properly due under Vendor’s Application for Payment, excepting those amounts subject to a bona fide dispute hereunder. 16.4.2 If the event set forth in Section 16.4.1 above shall occur, Vendor has the right to stop work by providing written notice to Owner that Vendor will stop work unless such event is cured within twenty (20) business days from Owner’s receipt of Vendor’s written notice. If Owner fails to cure such problem within such twenty (20) business days, then Vendor may stop work. In such case, Vendor shall be entitled to an adjustment to the Contract Price, Work Schedule and other affected terms and conditions in accordance with Article 14 to the extent it has been adversely impacted by such stoppage.