Common use of Termination and Survival Clause in Contracts

Termination and Survival. 12.1 Buyer may terminate the Contract in whole or in part for convenience, or for any event in Condition 12.2, with immediate effect by giving written notice to Seller whereupon Seller shall stop all work on Services or deliveries of Goods. Buyer shall pay Seller reasonable compensation for work-in-progress regarding Services, or Goods delivered to Buyer, at the termination date, but this shall not include loss of anticipated profits or any indirect or consequential loss.

Appears in 12 contracts

Samples: Conditions for Purchase, Conditions for Purchase, Conditions for Purchase

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