Long Stop Termination Clause Samples
The Long Stop Termination clause sets a final deadline by which a contract must be completed or certain conditions must be fulfilled, after which either party may terminate the agreement if those requirements remain unmet. Typically, this clause applies to transactions or projects with time-sensitive milestones, such as the closing of a business deal or the completion of construction, where delays beyond a specified date could undermine the purpose of the contract. Its core function is to provide certainty and a clear exit mechanism, protecting parties from indefinite delays and ensuring that commitments are either met within a reasonable timeframe or the contract can be ended without further obligation.
Long Stop Termination. Where the Service Period is suspended, and that suspension has been continuing for a period of at least 12 months, the GCC may, at its discretion, terminate this Agreement by notifying the GCC Verifier at least 15 Business days in advance of the date of termination.
Long Stop Termination. Where the Service Period is suspended and that suspension has been continuing for a period of at least 2 months, Social Carbon Foundation or the Service Provider may, in their discretion, terminate this Agreement by notifying Social Carbon Foundation or the Service Provider (as required) at least 15 Business Days in advance of the date of termination.
Long Stop Termination. A long stop termination is advisable in case all else fails. All parties can take comfort that they can see a point in ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
Long Stop Termination. Where the Service Period is suspended, and that suspension has been continuing for a period of at least 12 months, the UCR may, at its discretion, terminate this Agreement by notifying the UCR Verifier at least 15 Business days in advance of the date of termination.