Here is an example of a basic cessation clause from OntraPort. It is included in the terms and conditions of the OntraPort. Its clause states that a user`s account may be terminated, and then lists the reasons or actions/activities that terminate it.: You can include a termination clause in your termination clause, so that if one party terminates the contract for certain reasons, that party is required to pay a termination fee to the other party. See the standard clause – termination fee variant of our fee clause that you can adjust to the reasons for the termination of your contract. Appropriate communication. “[C] our companies imposed an appropriate reporting obligation in UCC cases, but did not impose the additional duty to terminate in good faith. In summary, the general rule is that, as long as appropriate notification is provided in Sections 2 to 309, a party may terminate an at will contract unilaterally for the accommodation clauses under the UCC. Termination for Convenience Under the Uniform Commercial Code, Joseph Martini, Matthew Brown, Susan Kennedy, Wiggin Dana, March 10, 2014. Not all violations of the agreement are a reason to terminate the contract. There are two important types of offences, essential offences and intangible offences.
In order to properly terminate a contract, the other party must have committed a substantial violation of the agreement. If you terminate the contract for an immaterial offence, the other party may return to your home for breach. Cancel the higher proposal. [PARTY B] may terminate this agreement for the conclusion of a final agreement on a superior proposal in accordance with the section [NON-SOLICItation and ALTERNATIVE PROPOSALS], provided that [PARTY has paid the corresponding termination fees mentioned in the [TERMINATION] section. Failure, inaccuracy or infringement are serious enough to impair or reduce the value of the entire agreement, not only a specific statement of work, and errors, fraud or misrepresentation – if the agreement does not contain all the necessary information or presents erroneous circumstances that are important to its conclusion, this constitutes a valid reason for termination. Termination for law or order. Any party may terminate this contract with immediate effect if a change of control protects Party A who has entered into a contract with Part B and is bound by that decency to a contract with an unexpected part C that buys Part B, merges with it or otherwise acquires control of Part B. As noted above, agreements between the parties can be “personal.”