Common use of Termination, Rescission Clause in Contracts

Termination, Rescission. 16.1 The Contract may be terminated without notice for good cause. Grounds for good cause shall, in particular but without limitation, include: – A serious breach of duty by the Contractor which is not remedied within a reasonable period of time stipulated by the Principal after the written complaint is received; 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 purchase or use of the goods or the service is or will be either entirely or partly impermissible due to legal or official regulations. If the Principal terminates the contract for good cause and if other existing contracts between the Principal and the Contractor cannot be maintained for the same grounds for good cause, the Principal shall also be entitled to terminate such other contracts existing at the time of termination and contracts which have not yet been fulfilled against a pro rata remuneration for the services already provided. In such events, the Contractor is not entitled to any further claims for damages, reimbursement of expenses or remuneration.

Termination, Rescission. 16.1 17.1 The Contract may be terminated without notice for good cause. Grounds for good cause shall, in particular but without limitation, include: – A serious breach of duty by the Contractor which is not remedied within a reasonable period of time stipulated by the Principal Company after the written complaint is received; 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 purchase or use of the goods or the service Software is or will be either entirely or partly impermissible due to legal or official regulations. If the Principal Company terminates the contract for good cause and if other existing contracts between the Principal Company and the Contractor cannot be maintained for the same grounds for good cause, the Principal Company shall also be entitled to terminate such other contracts existing at the time of termination and contracts which have not yet been fulfilled against a pro rata remuneration for the services already provided. In such events, the Contractor is not entitled to any further claims for damages, reimbursement of expenses or remuneration.

Termination, Rescission. 16.1 The Contract may be terminated without notice for good cause. Grounds for good cause shall, in particular but without limitation, include: – A serious breach of duty by the Contractor which is not remedied within a reasonable period of time stipulated by the Principal Company after the written complaint is received; 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 purchase or use of the goods or the service is or will be either entirely or partly impermissible due to legal or official regulations. If the Principal Company terminates the contract for good cause and if other existing contracts between the Principal Company and the Contractor cannot be maintained for the same grounds for good cause, the Principal Company shall also be entitled to terminate such other contracts existing at the time of termination and contracts which have not yet been fulfilled against a pro rata remuneration for the services already provided. In such events, the Contractor is not entitled to any further claims for damages, reimbursement of expenses or remuneration.