Stopped Work Clause Samples
The 'Stopped Work' clause defines the rights and obligations of the parties when work on a project is halted, either temporarily or permanently. Typically, this clause outlines the procedures for notifying the other party, securing the worksite, and handling materials or equipment already delivered or in progress. Its core practical function is to provide a clear framework for managing interruptions, minimizing disputes, and allocating responsibility and costs associated with work stoppages.
Stopped Work. In the event TNSI cancels any Work Orders, TNSI will compensate GFOL for its panel fees or other sample fees, to the extent of GFOL's performance of those Work Orders, such compensation to be reasonably negotiated at the time by the parties, giving consideration to such factors as incidence, response rates, and number of respondents. TNSI agrees that its right to stop or cancel work does not relieve it from the obligation to provide the Minimum Guaranteed Revenue.
Stopped Work