Cancellation Clause Sample Clauses
A Cancellation Clause defines the terms under which a contract or agreement can be terminated before its scheduled end date. Typically, it outlines the procedures for providing notice, any required fees or penalties, and the circumstances that justify cancellation, such as breach of contract or force majeure events. This clause serves to provide both parties with a clear process for ending their obligations, thereby reducing uncertainty and potential disputes if one party needs to exit the agreement early.
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Cancellation Clause. This agreement shall be in force until expiration date, or until thirty days after notice has been given by either party of its desire to terminate the agreement. Notification of cancellation shall be by Certified Mail to the business address of record.
Cancellation Clause. Your insurance contract may include a cancellation clause giving you the right to cancel your policy. If you decide to cancel your policy in accordance with any timeframes stipulated in your policy, and subject to not having made or intimated a claim, you may be entitled to a refund of premium paid. Please note our commission and, where appropriate fees, are fully earned from the date the policy commences and will not be refundable. If you fail to pay your premium to us by the due date, we reserve the right to instruct insurers to cancel your policy.
Cancellation Clause. If the PURCHASER fails to –
10.1 Make any payments punctually on due date;or
10.2 Comply punctually with any other provision of this agreement; and should remain in such default 7 (SEVEN) days after despatch by the SELLER of written notice (by fax, email or other means), demanding proper performance, the SELLER shall be entitled without any further notice: -
10.2.1 To Claim the full purchase price (or the balance thereof) in terms of this Agreement together with interest of prime plus 5% per annum as from the date of the PURCHASER’S DEFAULT, without prejudice to any claim for damages which he may have against the PURCHASER; or alternatively.
10.2.2 To cancel this agreement. In the event of cancellation for whatever reason the SELLER shall be entitled to resume immediate possession of the property and to eject the PURCHASER and/or persons occupying it. Should the sale be cancelled in terms of this Clause, the PURCHASER shall forfeit all payments to the SELLER in terms of this agreement as liquidated damages. Alternatively, the SELLER shall be entitled to claim damages from the PURCHASER in lieu of the liquidated damages referred to above.
10.3 Should the SELLER or his authorized agent hand over a written notice, in respect of which an acknowledgement of receipt is obtained, claiming compliance of his obligations in terms of this agreement within 7 (SEVEN) days after receiving same, the provisions of Clause 10.2 will apply mutatis mutandis.
10.4 Should this contract be cancelled by agreement, the PURCHASER shall remain liable for the costs incurred which costs cannot be recovered from a subsequent PURCHASER. The PURCHASER shall also be liable for occupational interest for the period during which the property is unoccupied. The deposit or a part thereof shall be used; for such purpose.
10.5 Should the sale be cancelled after complying with par 2.1 due to the failure of the PURCHASER in carrying out any of the obligations hereunder, the PURCHASER shall be liable to the SELLER for payment on demand of a cancellation fee of 5% of the selling price, as wasted costs plus Agents Commission.
Cancellation Clause. The Buyer shall have absolute right to terminate this Contract for its convenience, for any reason or no reason at any time prior to delivery upon written notice. The proportion of the cancellation charge of the contract shall be stipulated below. Weeks from the date of receiving the advanced payment to the date of cancellation 支払い受取日からキャンセル期日までの期間 지급수취일로부터계약 해지일까지의 기간(단위: 주) Percentage of total contract value 契約合計金額の割合 총 계약금액 대비 비율 1~4 weeks 1~4주 20% 5~16 weeks 5~16주 60% 17 weeks and over 17주 이상 100%
Cancellation Clause. POST reserves the right to cancel this agreement subject to 30 days written notice to Contractor.
Cancellation Clause. That notwithstanding anything stated or provided herein, the Company shall have full powers and discretion to modify, alter or vary the terms and condition in any manner whatsoever they think fit and shall be communicated through official website or other mode as the Company may deem fit and proper. If any Direct Seller does not agree to be bound by such amendment, he/she may terminate this agreement within 30 days of such publication by giving a written notice to the Company. Without submission of the objection for modification etc., if Direct Seller continues the Direct Selling activities then it will be deemed that he/she has accepted all modifications and amendments in the terms & conditions for future.
Cancellation Clause. If the PURCHASER fails to:
10.1. Make any payments punctually on due date; or
10.2. Comply punctually with any other provision of this agreement; and should remain in such default 7 (SEVEN) days after despatch by either the SELLER or its nominated Attorneys of written notice (by email or hand delivered), demanding proper performance, the SELLER shall be entitled without any further notice:
10.2.1. To Claim the full purchase price (or the balance thereof) in terms of this Agreement together with interest of prime plus 5% per annum as from the date of the PURCHASER’S DEFAULT, without prejudice to any claim for damages which he may have against the PURCHASER; or alternatively,
10.2.2. To cancel this agreement. In the event of cancellation for whatever reason the SELLER shall be entitled to resume immediate possession of the property and to eject the PURCHASER and/or persons occupying it. Should the sale be cancelled in terms of this Clause, the PURCHASER shall forfeit all payments to the SELLER in terms of this agreement as liquidated damages. Alternatively, the SELLER shall be entitled to claim damages from the PURCHASER in lieu of the liquidated damages referred to above.
10.3. Should the SELLER or his authorized agent hand over a written notice, in respect of which an acknowledgement of receipt is obtained, claiming compliance of his obligations in terms of this agreement within 7 (SEVEN) days after receiving same, the provisions of Clause 10.2 will apply mutatis mutandis.
10.4. Should this contract be cancelled by agreement, the PURCHASER shall remain liable for the costs incurred which costs cannot be recovered from a subsequent PURCHASER. The PURCHASER shall also be liable for occupational interest for the period during which the property is unoccupied. The deposit or a part thereof shall be used for such purpose.
10.5. Should the sale be cancelled after complying with Clause 1.
Cancellation Clause. Consultant will provide endorsements for all policies stating that the policy will not be cancelled without 30 days prior notification to the District.
Cancellation Clause. If You wish to cancel the Licence Agreement You must give us notice in writing by email to ▇▇▇▇.▇▇▇▇▇@▇▇▇▇▇▇.▇▇.▇▇ by 25 August 2023 stating that You no longer wish to take up your accommodation. If such notice is given by 25 August 2023 the Licence Agreement shall be cancelled, any deposit You have paid to Us shall be refunded and the University will not be required to provide You with accommodation. If no notice is given the Licence Agreement will be binding on You and You will be responsible for Accommodation Fees for the whole Period of Occupancy, even if you do not move into the Accommodation.
Cancellation Clause. Either party may terminate this agreement without cause by providing thirty (30) days written notice of such intent to this effect to the other party. District may cancel this agreement for cause by providing written notice to the Contractor.