Common use of TERMINATION Clause in Contracts

TERMINATION. Buyer may terminate this Order at its discretion and without cause, in whole or in part, independent of any prior notice and by written notice at any time. If this Order is terminated without cause, any claim of the Supplier shall be settled on the basis of reasonable costs incurred for compliance with this Order with labor and materials that are not usable by Supplier for other goods it manufactures. The materials for which the Supplier is reimbursed will become property of the Buyer and will be delivered to it upon request. Supplier shall protect and not destroy such materials except with the consent of the Buyer. If there is reasonable cause, Buyer may also terminate the contract, not being accountable to the Supplier for any amount in respect of costs, reimbursement, transportation, etc.