Common use of Termination Clause in Contracts

Termination. Purchaser may immediately terminate or renounce from a Purchase Order, wholly or partly, at any time for any reason upon notice to Supplier. The Purchaser may use its right of contractual renouncement within the period from the acceptance by the Supplier of these General Terms and Conditions and until the successful fulfilment of Supplier’s obligations described herein. Supplier immediately shall, and cause its suppliers and subcontractors to, stop all work on the portion of the Purchase Order so terminated. Supplier shall be entitled to submit a comprehensive termination claim with sufficient supporting data to Purchaser within 30 days from the effective date of Purchaser’s Order termination. Supplier shall submit all supporting information as Purchaser shall request. If such materials are delivered to Purchaser, Purchaser shall pay to Seller the price for unpaid: (a) supplied goods and services; and (b) costs of work-in-process and raw materials incurred by Supplier in furnishing the goods and services under the cancelled Purchase Order to the extent reasonable and duly justified under generally accepted accounting principles to the terminated portion of the Order, less the reasonable value or cost (whichever is higher) of goods or materials used or sold by Supplier to a third party with Purchaser’s consent. Purchaser shall not pay for (a) finished goods, work-in-process or raw materials in zależności od tego, która z tych wartości jest wyższa) towarów lub materiałów wykorzystanych lub sprzedanych przez Dostawcę osobie trzeciej za zgodą Nabywcy.

Appears in 2 contracts

Sources: General Terms and Conditions, General Terms and Conditions

Termination. Purchaser may immediately terminate or renounce from a Purchase Order, wholly or partly, at any time for any reason upon notice to Supplier. The Purchaser may use its right of contractual renouncement within the period from the acceptance by the Supplier of these General Terms and Conditions and until the successful fulfilment of Supplier’s obligations described herein. Supplier immediately shall, and cause its suppliers and subcontractors to, stop all work on the portion of the Purchase Order so terminated. Supplier shall be entitled to submit a comprehensive termination claim with sufficient supporting data to Purchaser within 30 days from the effective date of Purchaser’s Order termination. Supplier shall submit all supporting information as Purchaser shall request. If such materials are delivered to Purchaser, Purchaser shall pay to Seller the price for unpaid: (a) supplied goods and services; and (b) costs of work-in-process and raw materials incurred by Supplier in furnishing the goods and services under the cancelled Purchase Order to the extent reasonable and duly justified under generally accepted accounting principles to the terminated portion of the Order, less the reasonable value or cost (whichever is higher) of goods or materials used or sold by Supplier to a third party with Purchaser’s consent. Purchaser shall not pay for (a) finished goods, work-in-process or raw materials in excess of the cancelled Purchase Order; I-P082-AC Level-0 22-06-16 uzasadnioną wartość lub koszt (w zależności od tego, która z tych wartości jest wyższa) towarów lub materiałów wykorzystanych lub sprzedanych przez Dostawcę osobie trzeciej za zgodą Nabywcy▇▇▇▇▇▇▇.

Appears in 1 contract

Sources: General Terms and Conditions