Dissolution of Contract Clause Samples

Dissolution of Contract. (1) The contract herein may be dissolved upon consultation and consent between Party A and Party B. (2) In the event that any of the following Exemption Clauses are applicable, the contract herein shall be terminated and party A and Party B shall not be held liable for a breach of contract: i). The property herein is located within the scope of property slated for demolition due to the construction needs of the city in accordance with the law. ii). The property is destroyed or lost due to earthquake, fire or other incidents of Force majeure. (3) Party B has the right to unilaterally dissolve the contract herein in the event that any one of the following is applicable to Party A: i). Party A fails to transfer the property herein within 10 days after the time stipulated. ii). The transferred property’s non-compliance with the stipulations of the contract herein seriously affects Party B’s use thereof. iii). Party A’s failure to undertake its obligations to perform maintenance as stipulated results in Party B’s inability to properly use the property. iv). The transferred property presents a hazard to the safety or health of Party B. (4) Party A has the right to unilaterally dissolve the contract herein and repossess the property in the event that any one of the following is applicable to Party B: i). Party B either fails to pay, or pays in an untimely manner, the rental fee within 10 days after the time stipulated.

Dissolution of Contract. (I) During the lease term, neither Party A nor Party B may dissolve this Contract without any reason. If Party A must take back the house due to a special cause, Party A shall notify Party B one month in advance and refund to Party B the balance of house use fees and the aforesaid deposit. If Party B must return the house due to a special cause, Party B must complete a house return application one month in advance. Party B may return the house with Party A’s consent and 20% of the balance of the house use fees will be deducted as penalty. (II) In case of any of the following circumstances of Party B, Party A has the right to dissolve the Contract and take back the house: 1. Demolishing or changing the structure of the house or changing the purpose of the house without permission; 2. Party B fails to carry out substantial work over two months after the house is delivered to Party B for use, does not pay rental for accumulated two months, and/or fails to submit company statistics statement as scheduled; 3. Being engaged in any illegal activities with the house; or 4. Damaging the house on purpose. (III) If the Contract must be terminated due to national construction, governmental removal or force majeure, the Contract will be dissolved according to law.

Dissolution of Contract. 15.1 In case the performance of the Contract of one party or both parties is materially affected by force majeure which lasts for over ***, then either party may dissolve the Contract by notifying the other party in writing. 15.2 The Parties hereto may agree to dissolve the Contract through friendly consultations. *** CONFIDENTIAL TREATMENT REQUESTED. CONFIDENTIAL PORTIONS HAVE BEEN REDACTED AND FILED SEPARATELY WITH THE COMMISSION. 15.3 During the valid term of the Contract, if Party B fails to take away polysilicon for *** overdue for once time or if Party B fails to take away polysilicon accumulated for *** times, Party A shall be entitled to dissolve the Contract and charge a default penalty from Party B as ***. Party B shall then pay Party A with the default penalty as aforesaid in full within *** upon the date of dissolution of the Contract. 15.4 During the valid term of the Contract, if Party B delays to deliver wafers for *** for once time or if Party B delays to deliver wafers for accumulative *** times, Party A shall be entitled to dissolve the Contract and charge a default penalty from Party B as ***. Party B shall then pay Party A with the default penalty as aforesaid in full within *** upon the dissolution of the Contract. 15.5 During the valid term of the Contract, if Party B fails to deliver sufficient quantity of wafers and the insufficiency should accounts for over *** of the wafers that shall be delivered for the month, or if Party B fails to deliver sufficient quantity of wafers for accumulative *** times, then Party A shall be entitled to dissolve the Contract in part or in whole and charge a default penalty as ***. Party B shall then pay Party A with the default penalty as aforesaid in full within *** upon the dissolution of the Contract. 15.6 During the valid term of the Contract, if Party B delivers disqualified wafers and the inconformity should accounts for *** of the wafers deliverable for the month, or if Party B delivers disqualified wafers for accumulated for *** times, then Party A shall be entitled to dissolve the Contract in part or in whole and charge a default penalty as ***. Party B shall then pay Party A with the default penalty as aforesaid in full within *** upon the date of dissolution of the Contract. *** CONFIDENTIAL TREATMENT REQUESTED. CONFIDENTIAL PORTIONS HAVE BEEN REDACTED AND FILED SEPARATELY WITH THE COMMISSION. 15.7 If Party B without Party A’s written consent entrust wafers to be processed by Party B to any...

Dissolution of Contract. The lessor, at the time when the lessee has performed or fulfilled the activities outlined in each item below and there is no need for notification of some sort, will immediately terminate this agreement, and will demand that the premises be vacated if there is no dispute put forth by the lessee. In a case when the lessor has been subject to damages, compensation for these damages can be demanded from the lessee, and will be granted if the lessee does not dispute the claim. 1. In cases when the application has been filled in falsely at the time of move-in, or when move-in has been carried out incorrectly 2. In case when the rent or other obligations are two months or more in arrears 3. In cases when the leased space has been used for purposes other than those described in Article 2 4. In cases when the exclusive possession of other lessees has been encroached upon in some exceptional manner, or there is concern that such encroachment has taken place 5. In cases when trust has been lost in some exceptional manner, or in cases when activities counter to the public welfare have taken place 6. In cases when the leased space has been vacated without permission, or in cases when the leased space has not been used for a period of 30 continuous days without obtaining permission 7. In cases when the lessee or its employees, either intentionally or by accident, have damaged the leased space or building in some exceptional manner, or have caused a fire to break out 8. In cases when due to other obligations, the company's assets have been temporarily seized, temporarily disposed of, or in cases of extortion, or in cases when the company has declared bankruptcy, compensation obligations, or company revivification, or in other cases of declarations of company re-organization or dissolution due to death or incompetence 9. In cases when the activities of the lessee or those occupying the same leased space have caused the police to investigate the presence of stimulants or prostitution, etc.

Dissolution of Contract. 1. Except in the cases set forth in this Article, you may not terminate the Support Contract Agreement prior to the completion of the term of the Agreement. 2. The parties concerned may cancel this agreement immediately, if (i) the counterpart conducts illegal business activities and (ii) the counterpart fails to comply with the obligations or violates the limitations defined by this agreement. 3. NAC may terminate the Support Contract Agreement without notification to you in the event that you violate the rules of the Support Contract Agreement and do not rectify the violation, despite receiving admonition for rectification documented by NAC, within 30 days after the admonition. In this case, you must pay your outstanding balance to NAC immediately. In the event that the Support Contract Agreement is terminated based on this Article, you will lose the right to receive the remaining support and NAC will not make any refund for the remaining service. 4. NAC may terminate the Support Contract Agreement by giving 60 days prior notice. Where your right to receive the service remains, NAC may end the right to receive the service by buying back the remaining contract period at the time of the termination based on the remaining proportion of the agreed fee.

Dissolution of Contract. (1) The Contract may be dissolved upon consensus of both parties. (2) In case that the performance of the Contract cannot be continued due to force majeure, the Contract will be dissolved automatically. (3) In the event of the following circumstances of Party A, Party B has the right to unilaterally dissolve the Contract: 1. The delivery of the house is delayed by day(s); 2. The delivered house is seriously inconsistent with the Contract or has serious quality defects that affect the normal use of Party B; 3. The harmful substances contained in the decoration materials exceed the relevant national provisions; 4. Party B cannot use the house normally because Party A does not undertake the agreed repair obligations; 5. Party B's residence is seriously affected by Party A's ownership or dispute over obligation; 6. Others: . (4) In the event of the following circumstances of Party B, Party A has the right to unilaterally dissolve the Contract and take back the house: 1. Failing to pay the rent as agreed exceeds day(s) or the accumulated amount of overdue other relevant expenses exceeds RMB ; 2. Party B sublets or lends the house to a third party without authorization in violation of provisions hereof; 3. Party B changes the use of the house, demolishes or alters the main structure of the house or carries out other illegal construction acts without authorization; 4. Party B uses the leased house to engage in illegal or criminal activities and damage public interests; 5. Party B creates hidden dangers of public security and fire control and refuses to correct them; 6. The number of actual residents exceeds the number agreed upon in the Contract;

Dissolution of Contract. 12.1 Within the lease term, in case Party B presents any one of the following cases: (1) Party B has an adversely worsened state of operation, transfers property, secretly withdraws funds, or loses business creditworthiness; (2) Party B is liquidated, bankrupt, or Party B's property is closed down, or other debt paying ability sharply drops, and all these are likely to have effect on the fulfillment of contract obligations. Party A may request Party B to provide performance guarantee; in case Party B refuses to provide it, Party A is allowed to dissolve the contract, confiscate rental deposit, and look into Party B's responsibility for breach of contract.

Dissolution of Contract. Irrespective of other dissolution terms included in the applicable law, any of the parties may dissolve the contract in case of serious or continued violation of the agreement set in the present contract.