Common use of Termination of Agreement for Cause Clause in Contracts

Termination of Agreement for Cause. 7.1.1 If, through any cause, the Professional shall fail to fulfill in a timely and proper manner obligations under this Agreement, the Owner shall thereupon have the right to terminate this Agreement at any Phase by giving seven (7) days written notice to the Professional of such termination and specifying the effective date of termination. At the option of the Owner, all finished or unfinished Drawings and Specifications prepared by the Professional shall be the property of the Owner, and the Professional shall not be entitled to any compensation beyond the last approved design phase as listed in Subparagraph 2.1.1.

Appears in 9 contracts

Samples: Form of Agreement, Form of Agreement, Form of Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.