Common use of Contractor's Termination Clause in Contracts

Contractor's Termination. If Owner fails to perform any of its obligations hereunder, Contractor shall have the right to give Owner a written notice thereof, stating the nature of the breach complained of. If Owner does not cure such breach within thirty (30) days after receipt of such notice, Contractor shall have the right to terminate this Agreement by giving Owner written notice thereof at any time thereafter while such breach remains uncured, and payment shall be made to Contractor for all Work executed and for any proven loss sustained upon any services, materials, equipment, tools, construction equipment, and machinery, and reasonable demobilization costs. Contractor shall similarly have the right to terminate upon thirty (30) days' notice if the Work is suspended for a period of thirty (30) consecutive days or more from causes not the fault of Contractor.