Common use of TERMINATION Clause in Contracts

TERMINATION. The Company may terminate the Order without prejudice to any other rights or remedies in the event that: a) a force majeure event delays performance of an Order for more than thirty (30) days, as notified in writing within three (3) days after occurrence of the event, or; b) the Supplier fails to fulfill all or part of its contractual obligations pursuant to the Order, following the Company’s formal demand sent by certified return receipt mail, effective after seven (7) working days, or; c) The agreed-upon penalty limit for delays to the Order is reached. In case of b) and c), the Company reserves the right to have the necessary work performed at the expense of the Supplier. Otherwise, the Company reserves the right to procure supplies from another supplier it chooses, and have the Supplier pay the price difference. The Supplier shall not be entitled to limit or exclude its own contractual liability based on the fact that third companies have performed part or all of the Order.

Appears in 3 contracts

Sources: Condizioni Generali Di Acquisto, Condizioni Generali Di Acquisto, Condizioni Generali Di Acquisto