Common use of TERMINATION OR DEFAULT Clause in Contracts

TERMINATION OR DEFAULT. I understand that if I terminate, without just cause, the present (listing) broker’s authority prior to expiration of its term, that the present (listing) broker shall retain its contract rights to a fee and/or recovery of advertising expenses and any other damages incurred by reason of my early termination of this agreement, not to exceed the agreed upon fee.

TERMINATION OR DEFAULT. I understand that if I terminate, prior to the expiration of the term, the present (listing) broker’s authority without just cause, the present (listing) broker’s authority prior to expiration of its term, that the present (listing) broker shall retain its the contract rights to a fee and/or commission and recovery of advertising expenses and any other damages incurred by reason of my early termination of this agreement, not to exceed the agreed upon fee.