Common use of Waiver of Remedies for any Breach Clause in Contracts

Waiver of Remedies for any Breach. In the event that MST elects to waive its remedies for any breach by Contractor of any term or condition of this Agreement; such waiver by MST shall not limit MST's remedies for any succeeding breach of that or of any other terms or conditions of this Agreement. Upon receipt of any notice from MST to cancel and/or terminate work under this Agreement, the Contractor shall: Immediately discontinue all services affected, unless the notice directs otherwise. If the termination is for the convenience of MST, MST will make an equitable adjustment in the Agreement price but shall allow no anticipated profit on unperformed services. If the termination is for failure of the Contractor to fulfill the Agreement obligations, MST may complete the work required by the Agreement or otherwise arrange for its completion and the Contractor shall be liable for any reasonable additional cost incurred by MST.

Appears in 3 contracts

Samples: Attachment a Sample Agreement, Professional Services Agreement, mst.org

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Waiver of Remedies for any Breach. In the event that MST elects to waive its remedies for any breach by Contractor of any term or condition of this AgreementContract; such waiver by MST shall not limit MST's remedies for any succeeding breach of that or of any other terms or conditions of this AgreementContract. Upon receipt of any notice from MST to cancel and/or terminate work under this Agreementcontract, the Contractor shall: Immediately discontinue all services affected, unless the notice directs otherwise. If the termination is for the convenience of MST, MST will make an equitable adjustment in the Agreement contract price but shall allow no anticipated profit on unperformed services. If the termination is for failure of the Contractor to fulfill the Agreement contract obligations, MST may complete the work required by the Agreement contract or otherwise arrange for its completion and the Contractor shall be liable for any reasonable additional cost incurred by MST.

Appears in 2 contracts

Samples: Finanicial Audit Services, Finanicial Audit Services

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Waiver of Remedies for any Breach. In the event that MST elects to waive its remedies for any breach by Contractor of any term or condition of this Agreement; such waiver by MST shall not limit MST's remedies for any succeeding breach of that or of any other terms or conditions of this Agreement. Upon receipt of any notice from MST to cancel and/or terminate work under this Agreement, the Contractor shall: Immediately discontinue all services affected, unless the notice directs otherwise. If the termination is for the convenience of MST, MST will make an equitable adjustment in the Agreement price but shall allow no anticipated profit on unperformed services. If the termination is for Contractor’s failure of the Contractor to fulfill the Agreement obligations, MST may complete the work required by the Agreement or otherwise arrange for its completion and the Contractor shall be liable for any reasonable additional cost incurred by MST.

Appears in 1 contract

Samples: Sample Agreement

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