Common use of Termination of the Contract Clause in Contracts

Termination of the Contract. The Parties shall be entitled to terminate the Contract at any time by mutual written agreement. The Parties shall be entitled to terminate the Contract at any time in writing without justification, subject to a 30-day notice period (ordinary termination). Either Party shall be entitled to terminate the Contract with immediate effect (extraordinary termination) via written declaration delivered to the other Party if the other Party severely or repeatedly breaches any of its material obligations undertaken in the Contract, and fails to correct its breach within 30 days as of

Termination of the Contract. The Parties shall be entitled to terminate the Contract at any time by mutual written agreement. The Parties shall be entitled to terminate the Contract at any time in writing without justification, subject to a 30-day notice period (ordinary termination). Either Party shall be entitled to terminate the Contract with immediate effect (extraordinary termination) via written declaration delivered to the other Party if the other Party severely or repeatedly breaches any of its material obligations undertaken in the Contract, and fails to correct its breach within 30 days as ofeffect