Common use of Exit Clause Clause in Contracts

Exit Clause. The parties acknowledge that this is a pilot project designed to test new technologies and processes and as such may be discontinued by either party, their estate, authorized representatives and/or assigns prior to the end of the term(s) specified above provided sixty (30) days’ notice is delivered to the other party in writing. Following delivery of notice, the parties will be free of all legal responsibilities under this contract beyond the notice period and shall have no claim for damages howsoever caused.

Exit Clause. The parties acknowledge that this is a pilot project designed to test new technologies and processes and as such may be discontinued by either party, their estate, authorized representatives and/or assigns prior to the end of the term(s) specified above provided sixty thirty (30) days’ notice is delivered to the other party in writing. Following delivery of notice, the parties will be free of all legal responsibilities under this contract beyond the notice period and shall have no claim for damages howsoever caused.