Common use of Termination for Convenience of Owner Clause in Contracts

Termination for Convenience of Owner. 9.2.1 The Owner may terminate this Agreement at any time by written notice from the Owner to the Commissioning Authority Professional. In this event, all finished or unfinished Documents and Specifications prepared by the Commissioning Authority Professional shall be the property of the Owner. If this Agreement is terminated by the Owner as provided herein, the Commissioning Authority Professional shall be paid for services in an amount bearing the same ratio to the total compensation as the services actually performed bear to the total services of the Commissioning Authority Professional covered in this Agreement. Should termination occur prior to approval of any design phase, the initial minimal consideration of one dollar ($1.00) shall not be due or payable to the Commissioning Authority Professional.

Termination for Convenience of Owner. 9.2.1 The Owner may terminate this Agreement at any time by written notice from the Owner to the Commissioning Authority Professional. In this event, all finished or unfinished Documents and Specifications prepared by the Commissioning Authority Professional shall be the property of the Owner. If this Agreement is terminated by the Owner as provided herein, the Commissioning Authority Professional shall be paid for services in an amount bearing the same ratio to the total compensation as the services actually performed bear to the total services of the Commissioning Authority Professional covered in this Agreement. Should termination occur prior to approval of any design phase, the initial minimal consideration of one dollar ($1.00) shall not be due or payable to the Commissioning Authority Professional.