Common use of Compensation in the Event of Termination Clause in Contracts

Compensation in the Event of Termination. (a) In the event of termination, COMPANY will determine and pay (subject to valid set offs) the amounts owed to CONTRACTOR for SCOPE properly performed prior to termination, less any costs or damages incurred by COMPANY as a result of CONTRACTOR’s default, breach or termination, including any increased costs to complete CONTRACTOR’s SCOPE.

Appears in 4 contracts

Samples: Purchase Order Terms and Conditions for Goods and Services, Purchase Order Terms and Conditions for Goods and Services, Purchase Order Terms for Goods and Services

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Compensation in the Event of Termination. (a) In the event of On any termination, COMPANY will determine and pay (subject to valid set offs) the amounts owed to CONTRACTOR for SCOPE properly performed prior to termination, less any costs or damages incurred by COMPANY as a result of CONTRACTOR’s default, breach or termination, including any increased costs to complete CONTRACTOR’s SCOPE.. Those amounts will be limited to:

Appears in 3 contracts

Samples: Purchase Contract, Purchase Contract, Purchase Contract

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