Common use of Default Remedies Termination Clause in Contracts

Default Remedies Termination. Default occurs by (1) the failure of either party to perform as specifically described in the Agreement; (2) non-payment for services rendered, as described in the Agreement; (3) a unilateral change in contract terms not agreed to in writing by both parties; (4) court order. A non-defaulting party shall have the remedies afforded by law and in equity and shall have the right to terminate this Agreement. Notwithstanding, either party may terminate this Agreement by providing thirty (30) days’ written notice to the other. Should RCUOG terminate this contract, Contractor will be paid the reasonable value for services performed that are acceptable to RCUOG.

Default Remedies Termination. Default occurs by (1) the failure of either party to perform as specifically described in the Agreement; (2) non-payment for services rendered, as described in the Agreement; (3) a unilateral change in contract terms not agreed to in writing by both parties; (4) court order. A non-defaulting party shall have the remedies afforded by law and in equity and shall have the right to terminate this Agreement. Notwithstanding, either party may terminate this Agreement by providing thirty (30) days’ written notice to the other. Should RCUOG UOG terminate this contract, Contractor will be paid the reasonable value for services performed that are acceptable to RCUOGUOG.