CFR PART 200 Termination Termination for cause Clause Samples
The 'Termination for Cause' clause under CFR Part 200 allows a contract to be ended by one party if the other party fails to meet essential obligations or breaches significant terms of the agreement. In practice, this means that if a contractor does not perform satisfactorily, fails to deliver required services, or violates key contract provisions, the funding agency or recipient can formally terminate the contract before its scheduled completion. This clause serves to protect the interests of the contracting party by providing a clear mechanism to address non-performance or misconduct, ensuring that public funds are used effectively and that projects can be reassigned or halted when necessary.
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CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be eff ected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity an d up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of t he ESC Region 8 and TIPS. Does vendor agree? Yes