Implementation Project Termination Sample Clauses
The Implementation Project Termination clause defines the conditions and procedures under which an ongoing implementation project may be ended before completion. Typically, this clause outlines the rights and obligations of both parties in the event of termination, such as notice requirements, payment for work completed, and the handling of deliverables or intellectual property. Its core practical function is to provide a clear framework for winding down the project in an orderly manner, thereby minimizing disputes and ensuring that both parties understand their responsibilities if the project does not proceed as planned.
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Implementation Project Termination. At Client's sole option, Client may terminate the Implementation Project upon 30 days' prior written notice to Fiserv, provided that Client agrees to pay Fiserv for any Implementation Fees for Implementation Services rendered prior to the effective date of termination. In no event shall Fiserv be liable for refund of any Implementation Fees already paid by Client.