Common use of Termination of Convenience Clause in Contracts

Termination of Convenience. 10.1 Either Party may elect to terminate this Agreement without liability and without assigning any reason whatsoever by issuing to the other Party written notice in advance no less than forty- eight (48) hours, however, such termination shall not affect the rights and/or liabilities already accruing to either Party up to the date of termination. For the avoidance of doubt TNGD shall not be liable for any cost, damages and/or liabilities incurred by the Merchant pursuant to any third party contracts entered into by the Merchant on or before the termination date in relation to the provision of the Services and such termination of convenience.

Termination of Convenience. 10.1 Either Party may elect to terminate this Agreement without liability and without assigning any reason whatsoever by issuing to the other Party written notice in advance no less than forty- eight (48) hours, however, such termination shall not affect the rights and/or liabilities already accruing to either Party up to the date of termination. For the avoidance of doubt TNGD shall not be liable for any cost, damages and/or liabilities incurred by the Merchant pursuant to any third party contracts entered into by the Merchant on or before the termination date in relation to the provision of the Services and such termination of convenience. Additionally, PayNet shall have the right to terminate the Merchant and TNGD shall not be liable in any way whatsoever for any losses or damages suffered by the Merchant arising therefrom.