Common use of Termination and Variation Clause in Contracts

Termination and Variation. These Terms and Conditions may be varied by ▇▇▇▇▇▇ by providing the Broker with 30 days’ written notice, unless the variation is to comply with a statutory requirement where the variation will apply with immediate effect. ▇▇▇▇▇▇ may terminate any contract or agreement incorporating these Terms and Conditions immediately by providing written notice to the Broker if the Broker is subject to an insolvency event, breaches a condition or engages in unprofessional behaviour or behaviour bringing discredit upon ▇▇▇▇▇▇ including improper, unethical; or fraudulent activity. As soon as practicable after any termination of any contract or agreement incorporating these Terms and Conditions and in any event within 90 days of termination, each party must pay all money owed to the other, after taking into account any adjustments and the Broker must return at its own expense all documents to ▇▇▇▇▇▇ including marketing materials supplied by ▇▇▇▇▇▇. For the purposes of this clause and any other clause of these Terms and Conditions requiring written notice, such notice may be given electronically by either party to the other by sending such notice to the server utilised by the receiving party for the conduct of the business the subject of these terms, and such notice shall be deemed delivered upon receipt of advice from the recipients server generated automatically.