Termination/Cancellation/Rejection Sample Clauses
The Termination/Cancellation/Rejection clause defines the conditions under which either party may end, cancel, or refuse to proceed with the agreement or a specific transaction. This clause typically outlines the procedures for providing notice, any required reasons for termination, and the consequences that follow, such as payment of outstanding obligations or return of materials. Its core function is to provide a clear framework for ending the contractual relationship, thereby reducing uncertainty and potential disputes if one party needs to exit the agreement.
Termination/Cancellation/Rejection. The State specifically reserves the right upon written notice to immediately terminate the contract or any portion thereof at no additional cost to the State, providing, in the opinion of its Commissioner of Buildings and General Services, the products supplied by Contractor are not satisfactory or are not consistent with the terms of this Contract. The State also specifically reserves the right upon written notice, and at no additional cost to the State, to immediately terminate the contract for convenience and/or to immediately reject or cancel any order for convenience at any time prior to shipping notification.