Common use of General Termination Provisions Clause in Contracts

General Termination Provisions. If a PO is terminated, (a) the parties shall, (i) subject to clause 9.3(d), be relieved from future performance, without prejudice to any right of action that has accrued at the date of termination (rights to recover damages shall not be affected). (b) the Supplier shall (i) stop any activities in accordance with the termination; and (ii) comply with any directions given by the Purchaser; and (iii) mitigate all loss, costs and expenses in connection with the termination; and (iv) not be entitled to profit anticipated on any terminated part of the PO.

Appears in 2 contracts

Sources: Terms and Conditions, Terms and Conditions