Termination by Architect. In the event Owner fails to make payment to Architect within thirty (30) days after such payment is due for services performed by Architect and accepted by Owner, in the amounts required by this Agreement, Architect may, upon fifteen (15) days’ written notice to Owner, terminate this Agreement. Unless such payment is thereafter received by Architect within the fifteen (15) day period, the termination shall take effect without further notice to Owner. In the event of termination of this Agreement for non-payment pursuant to this paragraph, Architect shall have no liability to Owner for delay or damage caused to Owner because of such termination.
Appears in 3 contracts
Sources: Standard Form of Agreement Between Owner and Architect, Standard Form of Agreement Between Owner and Architect, Standard Form of Agreement Between Owner and Architect