Common use of Termination, Rescission Clause in Contracts

Termination, Rescission. 14.1 In case of a contract for the performance of a continuing obligation such contract may be terminated without notice for good cause. Grounds for good cause shall also include: – A violation of contractual obligations by the Contractor which is not remedied within an appropriate period of time set by the Principal and combined with a threat of termination, or after issuing an unsuccessful warning notice by the Principal; or – a considerable deterioration of a party's financial situation which threatens to impact such party's ability to perform its obligations under the contract and / or to discharge of its tax and / or social liabilities; or – the further execution of the contract is or will be either entirely or partly impermissible due to legal or official regulations. Further rights legally provided to the Principal regarding termination, termination for good cause and rescission from the contract shall remain unaffected by this provision.

Termination, Rescission. 14.1 15.1 In case of a contract for the performance of a continuing obligation such contract may be terminated without notice for good cause. Grounds for good cause shall also include: – A violation of contractual obligations by the Contractor which is not remedied within an appropriate period of time set by the Principal and combined with a threat of termination, or after issuing an unsuccessful warning notice by the Principal; or – a considerable deterioration of a party's financial situation which threatens to impact such party's ' s ability to perform its obligations under the contract and / or to discharge of its tax and / or social liabilities; or – the further execution of the contract is or will be either entirely or partly impermissible due to legal or official regulations. Further rights legally provided to the Principal regarding termination, termination for good cause and rescission from the contract shall remain unaffected by this provision.

Termination, Rescission. 14.1 15.1 In case of a contract for the performance of a continuing obligation such contract may be terminated without notice for good cause. Grounds for good cause shall also include: – A violation of contractual obligations by the Contractor which is not remedied within an appropriate period of time set by the Principal and combined with a threat of termination, or after issuing an unsuccessful warning notice by the Principal; or – a considerable deterioration of a party's financial situation which threatens to impact such party's ability to perform its obligations under the contract and / or to discharge of its tax and / or social liabilities; or – the further execution of the contract is or will be either entirely or partly impermissible due to legal or official regulations. Further rights legally provided to the Principal regarding termination, termination for good cause and rescission from the contract shall remain unaffected by this provision.

Termination, Rescission. 14.1 15.1 In case of a contract for the performance of a continuing obligation such contract may be terminated without notice for good causecause or without need for a court order. Grounds for good cause shall also include: – A violation of contractual obligations by the Contractor which is not remedied within an appropriate period of time set by the Principal and combined with a threat of termination, or after issuing an unsuccessful warning notice by the Principal; or – a considerable deterioration of a party's financial situation which threatens to impact such party's ability to perform its obligations under the contract and / or to discharge of its tax and / or social liabilities; or – the further execution of the contract is or will be either entirely or partly impermissible due to legal or official regulations. Further rights legally provided to the Principal regarding termination, termination for good cause and rescission from the contract shall remain unaffected by this provision.

Termination, Rescission. 14.1 16.1 In case of a contract for the performance of a continuing obligation such contract may be terminated without notice for good cause. Grounds for good cause shall also include: – A violation of contractual obligations by the Contractor which is not remedied within an appropriate period of time set by the Principal and combined with a threat of termination, or after issuing an unsuccessful warning notice by the Principal; or – a considerable deterioration of a party's financial situation which threatens to impact such party's ' s ability to perform its obligations under the contract and / or to discharge of its tax and / or social liabilities; or – the further execution of the contract is or will be either entirely or partly impermissible due to legal or official regulations. Further rights legally provided to the Principal regarding termination, termination for good cause and rescission from the contract shall remain unaffected by this provision.