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Clause · termination_for_convenience

Termination for Convenience

Termination
STANDARD+
medium risk
US-IN
US-GB
US-EU
US-SG
GENERIC

Clause body

Client may terminate this Statement of Work for convenience upon {{NOTICE_PERIOD_DAYS}} days' prior written notice to Vendor. Upon such termination, Client shall pay Vendor for (a) all Deliverables accepted prior to the termination date, and (b) the pro-rata portion of the fees for the in-progress milestone, calculated based on work performed in good faith up to the termination date. Vendor shall deliver all completed and in-progress Work Product to Client upon receipt of such payment.

Sources

Commercial contracting practice

Last verified: Pending review.

Library version: 1.0.0