FORTHWITH TERMINATION FOR CAUSE Clause Samples
The 'Forthwith Termination for Cause' clause allows one party to immediately end the contract if the other party commits a serious breach or specified wrongful act. In practice, this clause typically applies to situations such as fraud, insolvency, or repeated failure to perform essential obligations, enabling the non-breaching party to terminate the agreement without waiting periods or further notice. Its core function is to provide a swift remedy for significant contract violations, protecting parties from ongoing harm or risk associated with continued contractual relations.
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FORTHWITH TERMINATION FOR CAUSE. Notwithstanding anything contained in this Agreement: Either Party may immediately terminate this Agreement, by giving written notice to the other, if the other Party takes any step or action or institutes any legal proceedings for its winding-up, liquidation, bankruptcy, reorganization or dissolution or a court issues a winding up or bankruptcy order in respect of the other Party; Client may terminate this Agreement forthwith in case of material breach on the part of Contractor of its warranties and representations and/or where Contractor is held or found guilty and/or liable by a Court of law, Tribunal or executive organ, rendering Contractor unfit, in the opinion of the Client, to execute the Project.