Term Customer Options Termination Sample Clauses
The 'Term; Customer Options; Termination' clause defines the duration of the agreement, outlines any options the customer has regarding renewal or extension, and specifies the conditions under which the contract may be terminated. Typically, this clause will state the initial term length, describe whether the customer can renew or extend the agreement, and detail the process for either party to terminate, such as providing advance written notice. Its core practical function is to provide clear guidelines for how long the agreement lasts, what choices the customer has at the end of the term, and how either party can end the relationship, thereby reducing uncertainty and managing expectations.
Term Customer Options Termination. 10.1 Term 21 10.2 Customer Options Upon Cessation of Business Operations at Site 21 10.3 Customer Options Upon Expiration of Term 22 10.4 Customer Purchase Options Prior to Expiration Date 23 10.5 Payment of Termination Value on Termination Date 24 10.6 Provider Termination. 24 11.1 Customer Default 25 11.2 Provider ▇▇▇▇▇▇▇ ▇▇
12.1 Customer’s Remedies Upon Occurrence of a Provider Default 27 12.2 Provider’s Remedies Upon Customer Default 27 12.3 No Consequential Damages 28 12.4 Effect of Termination of Agreement 28 12.5 Limitation of Liability 28 13.1 Indemnification by Provider 28 13.2 Indemnification by Customer 29 13.3 Notice of Claims 29 13.4 Defense of Action. 29 13.5 Survival of Provisions 30
Term Customer Options Termination. 10.1 Term 21 10.2 Customer Options Upon Cessation of Business Operations at Site. 21 10.3 Customer Options Upon Expiration of Term 22 10.4 Customer Purchase Options Prior to Expiration Date. 23 10.5 Payment of Termination Value on Termination Date. 24 10.6 Provider Termination. 24 11.1 Customer Default. 25 11.2 Provider Default. 26
Term Customer Options Termination