{"component": "clause", "props": {"groups": [{"samples": [{"hash": "c9i2nRGGFnc", "uri": "/contracts/c9i2nRGGFnc#termination-without-default", "label": "Share Exchange Agreement (Renren Inc.)", "score": 30.3524990082, "published": true}, {"hash": "iswxKVAApKW", "uri": "/contracts/iswxKVAApKW#termination-without-default", "label": "Share Exchange Agreement (Kaixin Auto Holdings)", "score": 30.3415470123, "published": true}, {"hash": "f0jcIiJEtS1", "uri": "/contracts/f0jcIiJEtS1#termination-without-default", "label": "Share Exchange Agreement (Renren Inc.)", "score": 29.8459949493, "published": true}], "snippet": "(a) In the event that the Closing of the transactions contemplated hereunder has not occurred by the Outside Closing Date, Purchaser, Seller and the Company shall each have the right, at its sole option, to terminate this Agreement without liability to the other party, provided that this right to terminate shall not be available to any party whose material breach under this Agreement has been the cause of, or resulted in, the failure of the Closing to have been consummated on or before such date. Such right may be exercised by Purchaser or the Company, as the case may be, giving written notice to the other at any time after the Outside Closing Date.\n(b) In the event that the Proxy Statement with respect to the transactions hereunder has not been filed with the SEC by December 31, 2018 (the \u201cOutside Filing Date\u201d), each of Seller and the Company shall have the right, at its sole option, to terminate this Agreement without liability to any other party, provided that this right to terminate shall not be available to any party whose material breach under this Agreement has been the cause of, or resulted in, the failure of the Proxy Statement to have been filed on or before such date. Such right may be exercised by Seller or the Company, as the case may be, giving written notice to the other parties at any time after the Outside Filing Date.\n(c) In the event that any governmental Authority shall have issued an Order or taken any other action, in each case which has become final and non-appealable and which restrains, enjoins or otherwise prohibits the Closing of the transactions contemplated hereunder, Purchaser, Seller and the Company shall each have the right, at its sole option, to terminate this Agreement without liability to the other party.", "snippet_links": [{"key": "in-the-event", "type": "clause", "offset": [4, 16]}, {"key": "transactions-contemplated", "type": "clause", "offset": [41, 66]}, {"key": "outside-closing-date", "type": "clause", "offset": [101, 121]}, {"key": "the-company-shall", "type": "clause", "offset": [145, 162]}, {"key": "the-right", "type": "clause", "offset": [173, 182]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [207, 231]}, {"key": "without-liability", "type": "clause", "offset": [232, 249]}, {"key": "other-party", "type": "definition", "offset": [257, 268]}, {"key": "provided-that", "type": "clause", "offset": [270, 283]}, {"key": "right-to-terminate", "type": "definition", "offset": [289, 307]}, {"key": "available-to", "type": "definition", "offset": [321, 333]}, {"key": "material-breach", "type": "clause", "offset": [350, 365]}, {"key": "failure-of-the", "type": "clause", "offset": [430, 444]}, {"key": "such-right", "type": "definition", "offset": [502, 512]}, {"key": "by-purchaser", "type": "clause", "offset": [530, 542]}, {"key": "the-case", "type": "definition", "offset": [562, 570]}, {"key": "notice-to-the", "type": "clause", "offset": [594, 607]}, {"key": "at-any-time", "type": "clause", "offset": [614, 625]}, {"key": "the-proxy-statement", "type": "clause", "offset": [680, 699]}, {"key": "with-respect-to", "type": "clause", "offset": [700, 715]}, {"key": "the-sec", "type": "definition", "offset": [767, 774]}, {"key": "by-december", "type": "clause", "offset": [775, 786]}, {"key": "filing-date", "type": "definition", "offset": [810, 821]}, {"key": "each-of-seller", "type": "clause", "offset": [825, 839]}, {"key": "by-seller", "type": "clause", "offset": [1226, 1235]}, {"key": "the-other-parties", "type": "clause", "offset": [1297, 1314]}, {"key": "governmental-authority", "type": "clause", "offset": [1384, 1406]}, {"key": "an-order", "type": "clause", "offset": [1425, 1433]}, {"key": "other-action", "type": "definition", "offset": [1447, 1459]}, {"key": "each-case", "type": "definition", "offset": [1464, 1473]}], "size": 36, "hash": "cab643b9b914e1cfaf99dac0b444c398", "id": 1}, {"samples": [{"hash": "1sJSPzQbYaR", "uri": "/contracts/1sJSPzQbYaR#termination-without-default", "label": "Contract for Single Stream Pickup, Transportation, and Recycling Services", "score": 33.0882148743, "published": true}, {"hash": "3AnTGsNWW1K", "uri": "/contracts/3AnTGsNWW1K#termination-without-default", "label": "Service Contract", "score": 33.0307312012, "published": true}, {"hash": "fY3KTKSexJY", "uri": "/contracts/fY3KTKSexJY#termination-without-default", "label": "Service Contract", "score": 33.0115699768, "published": true}], "snippet": "TFC may, at its sole option and discretion, terminate this Contract at any time, for any reason whatsoever, in whole or in part, by giving written notice (the \u201cNotice of Termination\u201d) to Contractor at least thirty (30) days prior to the effective date of termination or reduction in the scope of work. In the event of termination by TFC under this subsection, Contractor shall be governed by the terms and conditions, and shall perform the acts outlined in the following Section 2.3(c) below.", "snippet_links": [{"key": "this-contract", "type": "definition", "offset": [54, 67]}, {"key": "at-any-time", "type": "clause", "offset": [68, 79]}, {"key": "for-any-reason", "type": "clause", "offset": [81, 95]}, {"key": "written-notice", "type": "clause", "offset": [139, 153]}, {"key": "notice-of-termination", "type": "definition", "offset": [160, 181]}, {"key": "to-contractor-at", "type": "definition", "offset": [184, 200]}, {"key": "reduction-in", "type": "definition", "offset": [270, 282]}, {"key": "the-scope-of-work", "type": "clause", "offset": [283, 300]}, {"key": "termination-by", "type": "definition", "offset": [318, 332]}, {"key": "this-subsection", "type": "definition", "offset": [343, 358]}, {"key": "contractor-shall", "type": "clause", "offset": [360, 376]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [392, 416]}], "size": 27, "hash": "06e65f116db3c1e3118fae967d5e7fce", "id": 2}, {"samples": [{"hash": "347WZJk1etN", "uri": "/contracts/347WZJk1etN#termination-without-default", "label": "Merger Agreement (WiMi Hologram Cloud Inc.)", "score": 32.4524307251, "published": true}, {"hash": "aPyw7SiZUFs", "uri": "/contracts/aPyw7SiZUFs#termination-without-default", "label": "Merger Agreement (Venus Acquisition Corp)", "score": 32.4496917725, "published": true}], "snippet": "In the event that the Closing of the transactions contemplated hereunder has not occurred by September 30, 2021 (the \u201cOutside Closing Date\u201d) and no material breach of this Agreement by the party seeking to terminate this Agreement shall have occurred or have been made (as provided in Section 11.2 hereof), the Purchaser Parties or the Company, as the case may be, shall have the right, at its sole option, to terminate this Agreement without liability to the other side. Such right may be exercised by Purchaser Parties or the Company, as the case may be, by giving written notice to the other at any time after the Outside Closing Date.", "snippet_links": [{"key": "in-the-event", "type": "clause", "offset": [0, 12]}, {"key": "transactions-contemplated", "type": "clause", "offset": [37, 62]}, {"key": "by-september", "type": "clause", "offset": [90, 102]}, {"key": "outside-closing-date", "type": "clause", "offset": [118, 138]}, {"key": "material-breach-of-this-agreement", "type": "clause", "offset": [148, 181]}, {"key": "the-party", "type": "clause", "offset": [185, 194]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [206, 230]}, {"key": "purchaser-parties", "type": "clause", "offset": [311, 328]}, {"key": "the-company", "type": "definition", "offset": [332, 343]}, {"key": "the-case", "type": "definition", "offset": [348, 356]}, {"key": "the-right", "type": "clause", "offset": [376, 385]}, {"key": "without-liability", "type": "clause", "offset": [435, 452]}, {"key": "such-right", "type": "definition", "offset": [472, 482]}, {"key": "by-purchaser", "type": "clause", "offset": [500, 512]}, {"key": "notice-to-the", "type": "clause", "offset": [575, 588]}, {"key": "at-any-time", "type": "clause", "offset": [595, 606]}], "size": 19, "hash": "871c922a250493759671549638b7e686", "id": 3}, {"samples": [{"hash": "jDdgO63pXrP", "uri": "/contracts/jDdgO63pXrP#termination-without-default", "label": "Purchase Order", "score": 31.3351249695, "published": true}, {"hash": "iBVKmozBEMe", "uri": "/contracts/iBVKmozBEMe#termination-without-default", "label": "Purchase Order", "score": 30.1941318512, "published": true}, {"hash": "3wGcCZoU3vP", "uri": "/contracts/3wGcCZoU3vP#termination-without-default", "label": "Purchase Order", "score": 29.2877368927, "published": true}], "snippet": "Buyer may, at any time, for any reason or no reason, for its sole convenience and at its sole discretion, upon notice in writing, terminate this purchase order in whole or in part, even though Seller is not then in default. Such notice shall state the extent and effective date of termination and upon the mailing or delivery thereof to Seller, Seller will, (i) in accordance with the direction set forth in such notice, terminate won( hereunder and under any orders and/or subcontracts outstanding hereunder, and place no further orders or subcontracts hereunder; (ii) take all steps necessary to protect materials and/or property in Seller's possession in which Buyer has or may acquire an interest; and (iii) take all reasonable steps to minimize any costs, expenses and damages resulting from the termination. Upon such termination, Buyer's obligations to Seller shall be limited to payment for (i) conforming materials completed prior to the date of termination, in accordance with the terms and requirements hereof, and not previously paid for; (ii) the actual costs incurred by Seller which are properly allocable under recognized commercial accounting practices to the terminated portion of this purchase order (but excluding any charge for interest or materials which may be diverted to other orders); provided, however, that the total payments which Buyer is obligated to make upon such a termination shall not exceed the purchase order price of the materials to which such termination applies. Buyer shall have no other obligations or liability of any kind to Seller as a result of such a termination. Termination by Buyer hereunder shall be without prejudice to any claims which \u2587\u2587\u2587\u2587\u2587 may have against Seller. Within 30 days after receipt of a termination notice, Seller shall submit (in writing) its claim for amounts due to Seller. Buyer reserves the right to verify the claim by auditing all relevant records. Seller shall not be paid for any work performed after the date of termination, nor for any costs incurred by Seller's suppliers or subcontractors after such date. Seller shall transfer title and deliver to Buyer, if so requested by \u2587\u2587\u2587\u2587\u2587, all undelivered goods, work in process or raw materials paid for by Buyer as provided above. Seller may not terminate this purchase order.", "snippet_links": [{"key": "buyer-may", "type": "definition", "offset": [0, 9]}, {"key": "at-any-time", "type": "clause", "offset": [11, 22]}, {"key": "for-any-reason", "type": "clause", "offset": [24, 38]}, {"key": "no-reason", "type": "clause", "offset": [42, 51]}, {"key": "sole-discretion", "type": "definition", "offset": [89, 104]}, {"key": "notice-in-writing", "type": "definition", "offset": [111, 128]}, {"key": "this-purchase-order", "type": "clause", "offset": [140, 159]}, {"key": "in-default", "type": "clause", "offset": [212, 222]}, {"key": "effective-date-of-termination", "type": "definition", "offset": [263, 292]}, {"key": "to-seller", "type": "definition", "offset": [334, 343]}, {"key": "seller-will", "type": "clause", "offset": [345, 356]}, {"key": "in-accordance-with", "type": "definition", "offset": [362, 380]}, {"key": "outstanding-hereunder", "type": "definition", "offset": [487, 508]}, {"key": "an-interest", "type": "clause", "offset": [689, 700]}, {"key": "reasonable-steps", "type": "clause", "offset": [721, 737]}, {"key": "expenses-and-damages", "type": "clause", "offset": [761, 781]}, {"key": "the-termination", "type": "clause", "offset": [797, 812]}, {"key": "seller-shall", "type": "clause", "offset": [860, 872]}, {"key": "payment-for", "type": "clause", "offset": [887, 898]}, {"key": "prior-to-the", "type": "clause", "offset": [934, 946]}, {"key": "terms-and-requirements", "type": "clause", "offset": [991, 1013]}, {"key": "actual-costs-incurred", "type": "clause", "offset": [1060, 1081]}, {"key": "by-seller", "type": "clause", "offset": [1082, 1091]}, {"key": "properly-allocable", "type": "definition", "offset": [1102, 1120]}, {"key": "accounting-practices", "type": "clause", "offset": [1149, 1169]}, {"key": "but-excluding", "type": "clause", "offset": [1220, 1233]}, {"key": "other-orders", "type": "clause", "offset": [1296, 1308]}, {"key": "total-payments", "type": "definition", "offset": [1339, 1353]}, {"key": "termination-shall", "type": "clause", "offset": [1399, 1416]}, {"key": "the-materials", "type": "definition", "offset": [1456, 1469]}, {"key": "buyer-shall", "type": "clause", "offset": [1505, 1516]}, {"key": "no-other-obligations", "type": "clause", "offset": [1522, 1542]}, {"key": "liability-of", "type": "clause", "offset": [1546, 1558]}, {"key": "termination-by-buyer", "type": "clause", "offset": [1613, 1633]}, {"key": "without-prejudice-to-any", "type": "clause", "offset": [1653, 1677]}, {"key": "a-termination-notice", "type": "definition", "offset": [1754, 1774]}, {"key": "amounts-due", "type": "clause", "offset": [1823, 1834]}, {"key": "right-to-verify", "type": "clause", "offset": [1865, 1880]}, {"key": "the-claim", "type": "clause", "offset": [1881, 1890]}, {"key": "relevant-records", "type": "definition", "offset": [1907, 1923]}, {"key": "work-performed", "type": "clause", "offset": [1958, 1972]}, {"key": "transfer-title", "type": "clause", "offset": [2101, 2115]}, {"key": "deliver-to-buyer", "type": "clause", "offset": [2120, 2136]}, {"key": "requested-by", "type": "clause", "offset": [2144, 2156]}, {"key": "undelivered-goods", "type": "clause", "offset": [2168, 2185]}, {"key": "work-in-process", "type": "definition", "offset": [2187, 2202]}, {"key": "raw-materials", "type": "clause", "offset": [2206, 2219]}], "size": 15, "hash": "2f5f1f2e4036c5a3be30e70a7d9fdeaf", "id": 4}, {"samples": [{"hash": "gdAFmrR9gdo", "uri": "/contracts/gdAFmrR9gdo#termination-without-default", "label": "Investment Services Agreement", "score": 26.7905540466, "published": true}, {"hash": "4Fi9HXTzuAE", "uri": "/contracts/4Fi9HXTzuAE#termination-without-default", "label": "Investment Services Agreement", "score": 26.6659812927, "published": true}, {"hash": "aE8XXkUokva", "uri": "/contracts/aE8XXkUokva#termination-without-default", "label": "Investment Services Agreement", "score": 26.6331272125, "published": true}], "snippet": "33.1. Unless required under the Applicable Laws and Regulations, either Party may terminate this Agreement (and the relationship between us) by giving ten (10) days written notice of termination to the other.\n33.2. Upon terminating this Agreement:", "snippet_links": [{"key": "applicable-laws-and-regulations", "type": "definition", "offset": [32, 63]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [82, 106]}, {"key": "relationship-between", "type": "clause", "offset": [116, 136]}, {"key": "written-notice-of-termination", "type": "clause", "offset": [165, 194]}, {"key": "terminating-this-agreement", "type": "clause", "offset": [220, 246]}], "size": 8, "hash": "08d4fcfea4c51a6cb47f5cc8e91fa2f0", "id": 8}, {"samples": [{"hash": "39UCq87TLpw", "uri": "/contracts/39UCq87TLpw#termination-without-default", "label": "Real Estate Purchase and Sale Agreement (Lexicon Pharmaceuticals, Inc.)", "score": 31.5352497101, "published": true}, {"hash": "8YMhOlrqnJf", "uri": "/contracts/8YMhOlrqnJf#termination-without-default", "label": "Real Estate Purchase and Sale Agreement (Hines Real Estate Investment Trust Inc)", "score": 21.0, "published": true}], "snippet": "If the sale of the Property is not consummated because of the failure of any condition precedent to Purchaser\u2019s obligations expressly set forth in this Agreement or for any other reason except a default by Purchaser in its obligation to purchase the Property in accordance with the provisions of this Agreement, and provided that Purchaser has performed or tendered performance of all of its material obligations under this Agreement, the Deposit shall be returned to Purchaser promptly following Purchaser\u2019s compliance with its obligations under Section 5.3(c).", "snippet_links": [{"key": "sale-of-the-property", "type": "clause", "offset": [7, 27]}, {"key": "condition-precedent", "type": "definition", "offset": [77, 96]}, {"key": "to-purchaser", "type": "clause", "offset": [97, 109]}, {"key": "agreement-or", "type": "definition", "offset": [152, 164]}, {"key": "for-any-other-reason", "type": "clause", "offset": [165, 185]}, {"key": "default-by-purchaser", "type": "clause", "offset": [195, 215]}, {"key": "obligation-to-purchase", "type": "clause", "offset": [223, 245]}, {"key": "in-accordance-with-the-provisions-of-this-agreement", "type": "definition", "offset": [259, 310]}, {"key": "and-provided-that", "type": "clause", "offset": [312, 329]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [401, 433]}, {"key": "the-deposit", "type": "clause", "offset": [435, 446]}, {"key": "promptly-following", "type": "clause", "offset": [478, 496]}, {"key": "compliance-with", "type": "clause", "offset": [509, 524]}], "size": 12, "hash": "3b94707e2e4af3f6ee697973f81e66c0", "id": 5}, {"samples": [{"hash": "2f3eSVBeGzC", "uri": "/contracts/2f3eSVBeGzC#termination-without-default", "label": "Merger Agreement (Revelstone Capital Acquisition Corp.)", "score": 34.6235466003, "published": true}, {"hash": "cTpdkyEvmcH", "uri": "/contracts/cTpdkyEvmcH#termination-without-default", "label": "Merger Agreement (Revelstone Capital Acquisition Corp.)", "score": 34.5496253967, "published": true}, {"hash": "7knKtJU73L6", "uri": "/contracts/7knKtJU73L6#termination-without-default", "label": "Merger Agreement (Revelstone Capital Acquisition Corp.)", "score": 34.5496253967, "published": true}], "snippet": "(a) In the event that the Closing of the transactions contemplated hereunder has not occurred by December 21, 2023 (the \u201cOutside Closing Date\u201d), then Parent and the Company shall each have the right, in its sole discretion, to terminate this Agreement; provided that the material breach of any representation, warranty, covenant or obligation under this Agreement by the party (i.e., Parent or the Merger Sub, on one hand, or the Company, on the other hand) seeking to terminate this Agreement pursuant to this Section 10.1(a) was not the cause of, or did not result in, the failure of the Closing to occur on or before the Outside Closing Date. Such right may be exercised by Parent or the Company, as the case may be, giving written notice to the other at any time after the Outside Closing Date but not after the Closing has occurred.\n(b) In the event an Authority shall have issued an Order, enacted a Law or commenced or asserted in writing (and not orally) an Action, having the effect of permanently restraining, enjoining or otherwise prohibiting the Merger or the Closing, or materially restricting the consummation of the Merger or the Closing, which Order, Law or Action is final and non-appealable, Parent or the Company shall each have the right, in its sole discretion, to terminate this Agreement without liability to the other party.\n(c) Parent and the Company shall each have the right, in its sole discretion, to terminate this Agreement if, at the Parent Stockholder Meeting (including any postponements or adjournments thereof), the Parent Proposals shall fail to be approved by the affirmative vote of Parent stockholders required under Parent\u2019s organizational documents and applicable Law.\n(d) This Agreement may be terminated at any time by mutual written consent of the Company and Parent duly authorized by each of their respective boards of directors.", "snippet_links": [{"key": "in-the-event", "type": "clause", "offset": [4, 16]}, {"key": "transactions-contemplated", "type": "clause", "offset": [41, 66]}, {"key": "by-december", "type": "clause", "offset": [94, 105]}, {"key": "outside-closing-date", "type": "clause", "offset": [121, 141]}, {"key": "the-company-shall", "type": "clause", "offset": [161, 178]}, {"key": "the-right", "type": "clause", "offset": [189, 198]}, {"key": "sole-discretion", "type": "definition", "offset": [207, 222]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [227, 251]}, {"key": "provided-that", "type": "clause", "offset": [253, 266]}, {"key": "breach-of-any", "type": "clause", "offset": [280, 293]}, {"key": "the-party", "type": "clause", "offset": 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2013, or, if Buyer delivers a Remediation Objection or Seller delivers an Imminent Hazard Objection, July 31, 2013 (the later of such dates, the \"Termination Date\"); provided, however, that Seller may not terminate this Agreement pursuant to this Section 9.2(a)(ii) if Seller is in breach of its obligations hereunder and such breach is the sole reason that the Closing has not occurred by such date;\n(iii) subject to Sections 9.2(a)(iv) and (v), by Buyer if the Closing shall not have occurred on or before the Termination Date; provided, however, that Buyer may not terminate this Agreement pursuant to this Section 9.2(a)(iii) if Buyer is in breach of its obligations hereunder and such breach is the sole reason that the Closing has not occurred by such date;\n(iv) by written notice from Buyer to Seller if there shall be a material breach by Seller of any representation, warranty, covenant or agreement contained in this Agreement, which would result in a failure of a condition set forth in Section 6.1 and which breach is not reasonably capable of being cured such that the applicable condition is not capable of being satisfied within 30 days following delivery of notice to Seller of such breach; provided, however, that if less than 30 days remain until the Termination Date when Buyer provides written notice to Seller, the Termination Date shall be automatically extended to the last day of such 30-day period; provided, further, however, that Buyer shall not be permitted to terminate this Agreement pursuant to this Section 9.2(a)(iv) if Buyer is then in material breach of the terms of this Agreement;\n(v) by written notice from Seller to Buyer if there shall be a material breach by Buyer of any representation, warranty, covenant or agreement contained in this Agreement, which would result in a failure of a condition set forth in Section 6.2 and which breach is not reasonably capable of being cured such that the applicable condition is not capable of being satisfied within 30 days following delivery of notice to Buyer of such breach; provided, however, that if less than 30 days remain until the Termination Date when Seller provides written notice to Buyer, the Termination Date shall be automatically extended to the last day of such 30-day period; provided, further, however, that Seller shall not be permitted to terminate this Agreement pursuant to this Section 9.2(a)(v) if Seller is then in material breach of the terms of this Agreement;\n(vi) by Seller if any of the conditions set forth in Section 6.2 shall have become incapable of fulfillment and shall not have been waived by Seller; provided, however, that Seller is not then in breach of any of its representations, warranties, covenants or agreements contained in this Agreement;\n(vii) by Buyer if any of the conditions set forth in Section 6.1 shall have become incapable of fulfillment and shall not have been waived by Buyer; provided, however, that Buyer is not then in breach of any of its representations, warranties, covenants or agreements contained in this Agreement;\n(viii) by Seller pursuant to Section 7.12(a)(i); or\n(ix) by Buyer pursuant to Section 7.12(b).\n(b) Upon termination of this Agreement pursuant to Section 9.2(a): (i) all obligations of the parties under this Agreement shall terminate (other than this Article IX and Article X, which shall survive termination) and (ii) except as set forth in this Section 9.2(b) (or this Article IX or Article X, which shall survive termination) none of Buyer, Seller or Parent or any of their respective officers, directors, employees, representatives, Affiliates, agents or advisors shall have any Liability arising under or in connection with this Agreement. 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Other Event of Default", "Action if Other Event of Default"]], "related_snippets": [], "updated": "2026-06-11T05:32:51+00:00", "also_ask": ["What minimum notice period should be required to protect both parties?", "How can termination without default be limited to prevent abuse or bad faith?", "What compensation or cost recovery provisions are essential upon such termination?", "How does this clause compare to industry standards or statutory requirements?", "What are the main risks of enforceability or potential for challenge in court?"], "drafting_tip": "Specify clear notice periods and procedures to ensure predictability; define any compensation or consequences to prevent disputes; state the parties' rights post-termination to clarify ongoing obligations.", "explanation": "The 'Termination Without Default' clause allows either party to end the agreement without the need for a breach or default by the other party. Typically, this clause outlines the notice period required\u2014such as 30 or 60 days\u2014before termination can take effect, and may specify any obligations that survive termination, like payment for services rendered up to the termination date. Its core function is to provide flexibility, enabling parties to exit the contract for any reason, thereby reducing the risk of being locked into an unfavorable or unnecessary agreement."}, "json": true, "cursor": ""}}