T ermination for Contractor’s Convenience Sample Clauses

T ermination for Contractor’s Convenience. Contractor may at any time and for any reason, or for no reason, terminate any part of Subcontractor’s services and work for Contractor’s convenience. Such termination shall be by written notice to Subcontractor at Subcontractor’s place of business. Upon receipt of such notice, Subcontractor shall, unless the notice directs otherwise, immediately discontinue the work and the placing of orders for materials, equipment and supplies in connection with the performance of this Subcontract, and shall, if requested, make every reasonable effort to procure cancellation of all existing orders or contracts upon terms satisfactory to Contractor, or at the option of Contractor, give Contractor the right to assume those obligations directly, including all benefits to be derived therefrom. Subcontractor shall thereafter do only such work as may be necessary to preserve and protect the work already in progress and to protect material and equipment on the Project site or in transit thereto. Upon such termination, Subcontractor shall be entitled to payment of the following amounts, which shall constitute full and final satisfaction of all Subcontract Work and claims by Subcontractor for payment on account for work performed under this Subcontract: (1) payment for that portion of Subcontractor’s work actually completed and materials actually delivered and accepted by Owner and Contractor, and only as to that portion of the Subcontract Price as allocated in the schedule of values for that portion of the Work performed, inclusive of profit, overhead, and general conditions allocated in the schedule of values for the Work completed, plus (2) such other costs actually incurred by Subcontractor as are payable to Contractor under the Prime Contract and approved by Owner; less (3) any amounts due Contractor, less
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Related to T ermination for Contractor’s Convenience

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  • Contractor’s Status A3.1 At all times during the Contract Period the Contractor shall be an independent contractor and nothing in the Contract shall create a contract of employment, a relationship of agency or partnership or a joint venture between the Parties and accordingly neither Party shall be authorised to act in the name of, or on behalf of, or otherwise bind the other Party save as expressly permitted by the terms of the Contract.

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