Common use of Waiver of Remedies for any Breach Clause in Contracts

Waiver of Remedies for any Breach. In the event that MST elects to waive its remedies for any breach by Contractor of any term or condition of this Contract; such waiver by MST shall not limit MST's remedies for any succeeding breach of that or of any other terms or conditions of this Contract. Upon receipt of any notice from MST to cancel and/or terminate work under this contract, the Contractor shall: Immediately discontinue all services affected, unless the notice directs otherwise. If the termination is for the convenience of MST, MST will make an equitable adjustment in the contract price but shall allow no anticipated profit on unperformed services. If the termination is for failure of the Contractor to fulfill the contract obligations, MST may complete the work required by the contract or otherwise arrange for its completion and the Contractor shall be liable for any reasonable additional cost incurred by MST.

Appears in 2 contracts

Samples: Finanicial Audit Services, Finanicial Audit Services

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Waiver of Remedies for any Breach. In the event that MST elects to waive its remedies for any breach by Contractor of any term or condition of this ContractAgreement; such waiver by MST shall not limit MST's remedies for any succeeding breach of that or of any other terms or conditions of this ContractAgreement. Upon receipt of any notice from MST to cancel and/or terminate work under this contractAgreement, the Contractor shall: Immediately discontinue all services affected, unless the notice directs otherwise. If the termination is for the convenience of MST, MST will make an equitable adjustment in the contract Agreement price but shall allow no anticipated profit on unperformed services. If the termination is for Contractor’s failure of the Contractor to fulfill the contract Agreement obligations, MST may complete the work required by the contract Agreement or otherwise arrange for its completion and the Contractor shall be liable for any reasonable additional cost incurred by MST.

Appears in 1 contract

Samples: Sample Agreement

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Waiver of Remedies for any Breach. In the event that MST elects to waive its remedies for any breach by Contractor of any term or condition of this ContractAgreement; such waiver by MST shall not limit MST's remedies for any succeeding breach of that or of any other terms or conditions of this ContractAgreement. Upon receipt of any notice from MST to cancel and/or terminate work under this contractAgreement, the Contractor shall: Immediately discontinue all services affected, unless the notice directs otherwise. If the termination is for the convenience of MST, MST will make an equitable adjustment in the contract Agreement price but shall allow no anticipated profit on unperformed services. If the termination is for failure of the Contractor to fulfill the contract Agreement obligations, MST may complete the work required by the contract Agreement or otherwise arrange for its completion and the Contractor shall be liable for any reasonable additional cost incurred by MST.

Appears in 1 contract

Samples: Professional Services Agreement

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