CM’s Termination for Cause Clause Samples

CM’s Termination for Cause. 8.5.1 The CM may terminate this Agreement for cause if the Owner fails to pay undisputed amounts owed to the CM when required under this Agreement. 8.5.2 If the CM elects to terminate this Agreement for cause, the CM must give the Contracting Authority and Owner written notice of (1) the CM’s intention to terminate the Agreement and (2) an accounting of the undisputed amounts owed to the CM and the date(s) on which the CM believes payment of those amounts was due. If the Owner does not cure the cause for termination by initiating the process to pay the undisputed amounts owed to the CM within 10 days after receiving the notice, the termination will take effect upon the Owner’s receipt of the CM’s written notice of termination, which is in addition to the CM’s notice of intention to terminate. 8.5.3 If the CM properly terminates this Agreement for cause, but subject to other provisions of this Agreement, the Owner must pay the CM for Services performed by the CM before the date of termination. In no event will the Owner be obligated to pay anything on account of Services the CM does not perform. 8.5.4 If the CM improperly terminates this Agreement under this Section 8.5, the CM shall be obligated to the Owner as described under Section 8.3.5.1.