Common use of DURATION - CANCELLATION Clause in Contracts

DURATION - CANCELLATION. This contract shall generally end upon completion of the order. Notwithstanding this, the contract may be cancelled by ei- ther party at any time for good cause without notice. Good cause shall be deemed to exist in particular if a party to the contract breaches material contractual obligations, or if insolvency proceed- ings are opened against a party to the contract or the application for insolvency is rejected due to a lack of assets to cover the costs.