Termination for good cause. 14.1 MPG shall be entitled to terminate the contractual relationship for good cause. The following circumstances in particular shall be deemed to constitute cause: material breach of contract; change in company name or ownership or serious deterioration in the customer's financial circumstances, including but not limited to continuous and substantial default on payment or delay in satisfaction of other fundamental obligations; failure to honour cheques or if cheques or bills of exchange are protested; insolvency; petition for institution of insolvency proceedings.
Termination for good cause. In the event of a breach of these obligations by the Supplier, the Client re- serves the right to terminate the contractual relationship with the Supplier with- out notice. The Supplier shall compensate the Client for damages arising from such extraordinary termination.