Termination for Convenience Fee Sample Clauses
A Termination for Convenience Fee clause establishes the right for one party, typically the client or purchaser, to end a contract at their discretion without cause, provided they pay a specified fee to the other party. This fee is usually calculated as a fixed amount or a percentage of the remaining contract value, and is intended to compensate the service provider or contractor for costs incurred, lost profits, or other damages resulting from the early termination. The core function of this clause is to give flexibility to the terminating party while ensuring the non-terminating party is fairly compensated for the abrupt end of the contractual relationship.
POPULAR SAMPLE Copied 1 times
Termination for Convenience Fee. If the Commission terminates this Agreement for its convenience, then Provider shall (i) take all measures required by Article 14 and (ii) submit no later than two
Termination for Convenience Fee. If Company terminates this Agreement under Section 11.2.6, Company shall pay Foresight [***] not yet paid to Foresight (the “Termination Fee”). [***].
Termination for Convenience Fee. In the event either Party terminates the Agreement in accordance with Section 5.3, the terminating Party will pay, by wire transfer of immediately available funds on the effective date of any such termination, the non-terminating Party a termination fee (a “Termination for Convenience Fee”) as follows, with the applicable year measured according to the date on which the termination notice is provided: