Termination clause: Copy, customize, and use instantly
Introduction
A termination clause defines the conditions under which a contract can be ended before its completion. It provides clarity on the rights and obligations of each party when terminating the agreement, helping to prevent disputes. These clauses are essential for managing risks and ensuring fairness in both routine and high-stakes agreements.
Below are termination clause templates tailored to different situations. Copy the one you need, customise it, and add it to your contract.
Mutual termination clause
This clause allows both parties to agree to terminate the contract.
This agreement may be terminated at any time upon the mutual written consent of both parties. Upon termination, both parties shall be released from all obligations under this agreement, except for obligations that expressly survive termination.
Termination for breach clause
This clause allows one party to terminate the agreement if the other party fails to meet their responsibilities.
Either party may terminate this agreement with immediate effect if the other party materially breaches any term of this agreement and fails to cure such breach within [insert number] days after receiving written notice.
Termination for convenience clause
This clause allows one or both parties to terminate the agreement without needing to provide a reason.
Either party may terminate this agreement for convenience upon providing [insert number] days' written notice to the other party. Upon termination, any remaining obligations shall be handled as specified in this agreement.
Termination for force majeure clause
This clause allows termination when unforeseen circumstances prevent the contract from being fulfilled.
Either party may terminate this agreement with immediate effect if a force majeure event occurs that prevents the fulfillment of contractual obligations for a period of [insert number] days or more.
Termination for insolvency clause
This clause allows one party to terminate the agreement if the other becomes insolvent or enters bankruptcy.
This agreement may be terminated immediately by written notice if either party becomes insolvent, files for bankruptcy, or has a receiver appointed over its assets.
Termination with notice clause
This clause requires a specific notice period before the agreement can be terminated.
Either party may terminate this agreement by providing [insert number] days’ written notice to the other party. During the notice period, both parties shall fulfill their respective obligations under the agreement.
Automatic termination clause
This clause specifies conditions under which the agreement terminates automatically without the need for notice.
This agreement shall terminate automatically upon the occurrence of any of the following events: [list specific events, e.g., expiration of a specific term, failure to meet regulatory requirements].
Termination with financial settlement clause
This clause requires financial terms to be settled upon termination.
Either party may terminate this agreement by providing written notice. Upon termination, both parties agree to settle all outstanding financial obligations within [insert number] days from the termination date.
Termination for regulatory compliance clause
This clause allows termination if required by law or regulation.
Either party may terminate this agreement with immediate effect if compliance with applicable laws or regulations makes the continuation of this agreement unlawful or impracticable.
Termination with survival clause
This clause specifies which responsibilities continue even after the agreement is terminated.
Upon termination of this agreement, all obligations of the parties shall cease, except for [list obligations, e.g., confidentiality, indemnification], which shall survive termination.
Termination for uncured breach clause
This clause focuses on termination if the breaching party fails to resolve the issue within a defined period.
Either party may terminate this agreement by providing written notice if the other party fails to cure a material breach within [insert number] days of receiving written notice of the breach.
Termination for repeated breaches clause
This variation allows termination if the other party commits multiple breaches, even if minor.
Either party may terminate this agreement with written notice if the other party commits [insert number] or more breaches, whether material or not, within a [insert time period] period, regardless of whether such breaches were cured.
Termination for key personnel departure clause
This clause permits termination if specific individuals critical to the agreement leave the organization.
Either party may terminate this agreement upon written notice if [insert name or role] ceases to be employed or otherwise involved with the performance of this agreement.
Conditional termination clause
This clause ties termination to specific conditions or milestones being unmet.
This agreement may be terminated by either party if [insert condition, e.g., funding is not secured by a specific date] or if [insert milestone, e.g., project milestones are not achieved within the agreed timeline].
Mutual termination with cost-sharing clause
This clause allows for mutual termination with explicit cost-sharing terms for outstanding obligations.
This agreement may be terminated by mutual written consent of both parties. Upon termination, the parties agree to share all outstanding costs in accordance with the terms outlined in Schedule [insert schedule reference].
Termination with liquidated damages clause
This clause includes a predetermined compensation amount payable upon termination.
Either party may terminate this agreement with written notice. If terminated by the [terminating party], the terminating party shall pay liquidated damages of [insert amount] to the other party.
Termination for non-performance clause
This variation focuses solely on failure to meet performance obligations.
Either party may terminate this agreement by providing written notice if the other party fails to perform any material obligation under this agreement, and such non-performance remains unremedied for [insert number] days after written notice.
Termination with buy-out option clause
This clause allows one party to buy out the agreement upon termination.
Either party may terminate this agreement with [insert number] days' written notice, provided that the terminating party pays a buy-out fee of [insert amount or formula] to the other party to compensate for the termination.
Termination by non-renewal clause
This clause allows termination if the agreement is not explicitly renewed by a certain date.
This agreement shall terminate automatically unless renewed by mutual written consent of the parties no later than [insert date]. Neither party shall have any further obligations after termination except as provided herein.
Termination for convenience with proportional reimbursement clause
This clause allows termination for convenience with a requirement for prorated reimbursement.
Either party may terminate this agreement for convenience upon [insert number] days' written notice. Upon termination, the terminating party shall reimburse the other party for any fees paid in advance on a prorated basis.
Termination for failure to achieve approval clause
This clause permits termination if external approval, such as regulatory or board approval, is not obtained.
Either party may terminate this agreement with immediate effect if required approvals from [insert name, e.g., regulatory authority, board of directors] are not obtained within [insert timeframe].
Termination with escalation clause
This clause introduces an escalation mechanism before termination.
Either party may terminate this agreement by providing written notice if the other party fails to resolve a material issue through the agreed escalation process within [insert number] days.
Termination by specified event clause
This clause allows automatic termination upon the occurrence of a predefined event.
This agreement shall terminate automatically upon the occurrence of [insert specific event, e.g., sale of the company, project completion, or expiration of funding].
Termination for change in control clause
This clause permits termination if there is a change in ownership or control of one of the parties.
Either party may terminate this agreement with immediate effect upon the other party undergoing a change in control, including but not limited to a merger, acquisition, or transfer of majority ownership.
Termination for ethical or legal violations clause
This clause allows termination if the other party violates ethical standards or laws.
Either party may terminate this agreement with immediate effect if the other party engages in unethical conduct or violates applicable laws or regulations related to this agreement.
Termination for convenience with mutual notification clause
This clause ensures that termination for convenience includes notification from both parties.
Either party may terminate this agreement for convenience by providing mutual written notice at least [insert number] days in advance. Both parties agree to settle any outstanding obligations prior to the termination date.
Termination for delayed performance clause
This clause permits termination if performance is delayed beyond a specific timeframe.
Either party may terminate this agreement if the other party fails to deliver its obligations under this agreement within [insert number] days of the agreed deadline.
Termination with staggered obligations clause
This clause allows for a phased wind-down of obligations post-termination.
Either party may terminate this agreement with [insert number] days' written notice. Upon termination, the parties agree to wind down their obligations in phases as outlined in Schedule [insert reference].
Termination for lack of funding clause
This clause permits termination if either party cannot secure or maintain required funding.
Either party may terminate this agreement by providing written notice if funding necessary for the fulfillment of their obligations becomes unavailable, despite reasonable efforts to secure such funding.
Termination with cure period negotiation clause
This clause introduces a negotiated cure period before termination.
Either party may terminate this agreement by providing written notice if the other party breaches any material term of this agreement. The parties agree to negotiate in good faith to determine an appropriate cure period before termination becomes effective.
Termination for business dissolution clause
This clause allows termination if one party ceases business operations.
Either party may terminate this agreement with immediate effect if the other party ceases business operations, enters voluntary dissolution, or initiates winding-up proceedings.
Termination for failure to meet KPIs clause
This clause ties termination to the failure to meet specific key performance indicators.
Either party may terminate this agreement by providing written notice if the other party fails to achieve the key performance indicators outlined in Schedule [insert reference] within [insert timeframe].
Termination for breach with indemnity clause
This clause includes an indemnity provision for damages caused by the breaching party.
Either party may terminate this agreement with immediate effect if the other party materially breaches any term of this agreement. The breaching party agrees to indemnify the non-breaching party for all direct damages resulting from the breach.
Termination for regulatory breach clause
This clause allows termination if compliance issues arise due to legal violations.
Either party may terminate this agreement with immediate effect if the other party is found to be in violation of any applicable laws or regulations that materially affect the performance of this agreement.
Termination with transition period clause
This clause includes a transition period to ensure smooth handover of responsibilities.
Either party may terminate this agreement by providing written notice. Termination will take effect following a transition period of [insert number] days to allow for the orderly transfer of responsibilities.
Termination for material adverse change clause
This clause permits termination if there is a significant change in circumstances that affects the agreement.
Either party may terminate this agreement with immediate effect if a material adverse change occurs that substantially affects the ability of either party to fulfill its obligations under this agreement.
Termination with restitution clause
This clause requires restitution for any benefits received under the agreement prior to termination.
Upon termination of this agreement, each party agrees to return or compensate the other party for any benefits received under this agreement, as reasonably determined and agreed upon in writing.
Termination for intellectual property misuse clause
This clause allows termination if intellectual property rights are violated.
Either party may terminate this agreement with immediate effect if the other party misuses or infringes upon any intellectual property rights related to this agreement.
Termination for failure to secure permits clause
This clause permits termination if necessary permits or licenses cannot be obtained.
Either party may terminate this agreement if the required permits, licenses, or approvals necessary for performance are not obtained within [insert timeframe] of execution.
Termination with waiver of termination fee clause
This clause explicitly waives any termination fees that might otherwise apply.
Either party may terminate this agreement without incurring any termination fees, provided that written notice is given at least [insert number] days in advance.
Termination with pre-agreed penalties clause
This clause introduces financial penalties for early termination.
Either party may terminate this agreement by providing written notice, subject to the payment of a pre-agreed penalty of [insert amount], unless termination is due to a breach by the other party.
Termination for inability to perform clause
This clause allows termination if one party becomes incapable of fulfilling its obligations.
Either party may terminate this agreement immediately upon written notice if the other party becomes unable to perform its obligations under this agreement due to unforeseen circumstances beyond its control.
Termination for no-fault failure clause
This clause enables termination when obligations cannot be met despite both parties acting in good faith.
Either party may terminate this agreement with immediate effect if it becomes impossible to perform its obligations under this agreement despite reasonable efforts and without fault of either party.
Termination by defined milestones clause
This clause ties termination to specific project milestones or deadlines.
This agreement may be terminated by either party if [insert milestone, e.g., project phase completion or funding round closure] is not achieved within [insert number] days of the agreed date.
Termination for lack of mutual agreement clause
This clause allows termination if the parties fail to agree on key operational details.
Either party may terminate this agreement with immediate effect if the parties fail to reach mutual agreement on [insert details, e.g., pricing, scope of work] within [insert number] days of commencement.
Termination for loss of key resource clause
This clause permits termination if a critical resource necessary for the agreement becomes unavailable.
Either party may terminate this agreement if a key resource, such as [insert resource, e.g., specialized equipment, raw material], required for performance becomes permanently unavailable.
Termination for failure to adhere to timeline clause
This clause emphasizes strict adherence to contractual timelines as a termination trigger.
Either party may terminate this agreement with immediate effect if the other party fails to adhere to the timeline specified in Schedule [insert schedule reference] without prior written approval for an extension.
Termination for reputational harm clause
This clause allows termination if one party’s actions negatively affect the other’s reputation.
Either party may terminate this agreement immediately if the other party engages in conduct that causes material harm to the terminating party’s reputation or goodwill.
Termination for voluntary withdrawal clause
This clause permits a party to terminate the agreement if it decides to withdraw from the relationship.
Either party may terminate this agreement by providing written notice of voluntary withdrawal, effective [insert number] days from the date of notice.
Termination for change in regulatory landscape clause
This clause allows termination if legal or regulatory changes make the agreement impractical.
Either party may terminate this agreement with immediate effect if changes in applicable laws or regulations make the continuation of this agreement illegal, impracticable, or commercially unreasonable.
Termination for incomplete deliverables clause
This clause focuses on termination if specified deliverables are not provided on time.
Either party may terminate this agreement by providing written notice if the other party fails to deliver the agreed deliverables within [insert number] days of the specified deadlines.
Termination with unilateral discretion clause
This clause gives one party the sole discretion to terminate the agreement under defined conditions.
The [insert party, e.g., buyer] may terminate this agreement at its sole discretion upon providing [insert number] days’ written notice to the other party.
Termination for breach of confidentiality clause
This clause permits termination if one party violates confidentiality obligations.
Either party may terminate this agreement with immediate effect if the other party breaches its confidentiality obligations under this agreement.
Termination for excessive delays clause
This clause allows termination if repeated delays disrupt the agreement’s purpose.
Either party may terminate this agreement with immediate effect if the other party causes repeated delays that materially affect the purpose or performance of this agreement.
Termination for inadequate quality clause
This clause enables termination if the quality of performance does not meet the agreed standard.
Either party may terminate this agreement if the other party’s performance fails to meet the quality standards specified in this agreement, after being provided with [insert number] days to cure the deficiency.
Termination with rolling review clause
This clause ties termination rights to periodic review points during the agreement.
This agreement shall be subject to periodic reviews every [insert number] months. Either party may terminate this agreement during a review period by providing written notice, effective [insert number] days after the conclusion of the review.
Termination for lack of cooperation clause
This clause permits termination if one party fails to collaborate effectively.
Either party may terminate this agreement with written notice if the other party fails to cooperate in good faith to fulfill the terms and objectives of this agreement.
Termination for market conditions clause
This clause allows termination if adverse market conditions make the agreement unsustainable.
Either party may terminate this agreement with immediate effect if material changes in market conditions make the continued performance of this agreement commercially impracticable.
Termination for loss of exclusivity clause
This clause allows termination if exclusivity terms are violated or no longer valid.
Either party may terminate this agreement immediately upon written notice if the exclusivity provisions outlined herein are breached or rendered unenforceable.
Termination for failure to meet reporting obligations clause
This clause focuses on termination due to non-compliance with reporting requirements.
Either party may terminate this agreement with written notice if the other party fails to comply with the reporting obligations outlined in Section [insert section number] within [insert number] days of a written request for compliance.
Termination for conflict of interest clause
This clause permits termination if one party is found to have conflicting interests that jeopardize the agreement.
Either party may terminate this agreement with immediate effect if it is discovered that the other party has engaged in activities that constitute a conflict of interest, as defined in Section [insert section number].
Termination for technological obsolescence clause
This clause allows termination if the technology or tools specified in the agreement become outdated or unusable.
Either party may terminate this agreement by providing written notice if the technology or systems required for performance become obsolete or incompatible with current operational standards.
Termination for breach of ethical guidelines clause
This clause permits termination if one party violates agreed-upon ethical standards.
Either party may terminate this agreement with immediate effect if the other party violates the ethical guidelines outlined in Schedule [insert schedule reference]
Termination for failure to pay clause
This clause allows termination if one party does not meet payment obligations.
Either party may terminate this agreement by providing written notice if the other party fails to make payments as required under this agreement and such failure remains uncured for [insert number] days following notice of non-payment.
Termination for lack of engagement clause
This clause enables termination if one party is unresponsive or fails to actively participate.
Either party may terminate this agreement with written notice if the other party becomes unresponsive or fails to actively engage in fulfilling its obligations for a continuous period of [insert number] days.
Termination for failure to achieve objectives clause
This clause focuses on termination tied to unmet performance goals or outcomes.
Either party may terminate this agreement with written notice if the objectives outlined in Schedule [insert schedule reference] are not achieved within [insert timeframe].
Termination for undisclosed liabilities clause
This clause permits termination if previously unknown liabilities come to light.
Either party may terminate this agreement with immediate effect if undisclosed liabilities are discovered that materially affect the terms or feasibility of this agreement.
Termination for lack of demand clause
This clause allows termination if market demand for the product or service diminishes significantly.
Either party may terminate this agreement upon written notice if there is a demonstrable and significant decrease in demand for the products or services covered under this agreement.
Termination with advance warning clause
This clause requires the terminating party to provide a preliminary warning before official termination.
Either party may terminate this agreement by providing a preliminary notice of intent to terminate at least [insert number] days prior to issuing a final termination notice. The termination will become effective [insert number] days after the final notice.
Termination for data breach clause
This clause permits termination if one party suffers a significant data breach affecting the agreement.
Either party may terminate this agreement with immediate effect if the other party experiences a data breach that materially compromises the confidentiality, integrity, or availability of data related to this agreement.
Termination for misrepresentation clause
This clause focuses on termination due to false or misleading statements made by one party.
Either party may terminate this agreement immediately upon discovering that the other party has made a material misrepresentation during the negotiation or execution of this agreement.
Termination for fraudulent activity clause
This clause permits termination if one party engages in fraudulent behavior related to the agreement.
Either party may terminate this agreement with immediate effect if the other party is found to have engaged in fraudulent activity in connection with the performance of this agreement.
Termination for public policy conflict clause
This clause allows termination if the agreement’s terms are found to conflict with public policy.
Either party may terminate this agreement immediately if any term of this agreement is determined to conflict with applicable public policy, rendering its performance impracticable or unenforceable.
Termination for lack of approval clause
This clause allows termination if required third-party approvals are not obtained.
Either party may terminate this agreement with immediate effect if required approvals from [insert third party or regulatory body] are not secured within [insert number] days of the execution of this agreement.
Termination for mismanagement clause
This clause permits termination if one party fails to manage their responsibilities effectively.
Either party may terminate this agreement with written notice if the other party engages in mismanagement that materially affects the performance of this agreement.
Termination for partnership breakdown clause
This clause allows termination if a partnership supporting the agreement dissolves or fails.
Either party may terminate this agreement immediately if a partnership critical to the agreement’s execution is dissolved or otherwise ceases to exist.
Termination for unforeseen economic hardship clause
This clause allows termination if one party experiences severe economic difficulty.
Either party may terminate this agreement with immediate effect if it becomes unable to fulfill its obligations due to severe economic hardship, including but not limited to insolvency or significant financial loss.
Termination with notice and approval clause
This clause requires one party to seek approval before terminating.
This agreement may only be terminated by either party upon providing [insert number] days' written notice and obtaining prior written approval from the other party.
Termination for unauthorized assignment clause
This clause permits termination if one party assigns the agreement without proper consent.
Either party may terminate this agreement immediately if the other party assigns or transfers this agreement, in whole or in part, without prior written consent.
Termination for misuse of resources clause
This clause allows termination if one party improperly uses resources provided under the agreement.
Either party may terminate this agreement with immediate effect if the other party misuses or improperly allocates resources provided under this agreement.
Termination for breach of warranties clause
This clause focuses on termination due to a breach of contractual warranties.
Either party may terminate this agreement immediately if the other party breaches any warranty explicitly set forth in this agreement.
Termination for failure to execute ancillary agreements clause
This clause ties termination to the failure to complete related agreements.
Either party may terminate this agreement if the other party fails to execute or fulfill the terms of any ancillary agreements necessary to this agreement within [insert number] days of execution.
Termination for competitive behavior clause
This clause allows termination if one party engages in competitive activities contrary to the agreement.
Either party may terminate this agreement with immediate effect if the other party engages in competitive activities that undermine the purpose of this agreement.
Termination with mandatory restitution clause
This clause emphasizes the requirement to restore benefits received prior to termination.
Either party may terminate this agreement by providing [insert number] days' written notice, provided that all benefits exchanged under this agreement are restored or reimbursed prior to termination.
Termination for strategic realignment clause
This clause permits termination if one party changes its strategic direction or focus.
Either party may terminate this agreement upon [insert number] days’ written notice if its strategic priorities change such that continuation of the agreement is no longer feasible.
Termination for breach of governing law clause
This clause allows termination if the agreement’s governing law is violated.
Either party may terminate this agreement immediately if the other party violates any provision governed by the applicable laws referenced in this agreement.
Termination with proportional payment clause
This clause ensures that termination triggers payment proportional to services rendered.
Either party may terminate this agreement upon written notice, provided that the terminating party compensates the other party for services rendered up to the termination date, on a pro rata basis.
Termination for inefficiency clause
This clause permits termination if one party fails to meet efficiency expectations.
Either party may terminate this agreement if the other party’s performance becomes inefficient to the extent that it materially affects the agreed outcomes.
Termination for reputational association clause
This clause allows termination if one party’s association with the other damages its reputation.
Either party may terminate this agreement with immediate effect if the other party’s actions or public image causes reputational harm to the terminating party.
Termination for unresolved disputes clause
This clause ties termination to unresolved conflicts after mediation or arbitration.
Either party may terminate this agreement if disputes arising under this agreement remain unresolved after [insert number] days of mediation or arbitration proceedings.
Termination for dependency clause
This clause permits termination if another related contract is terminated.
Either party may terminate this agreement with immediate effect if any related or dependent agreements are terminated, rendering the continued performance of this agreement impractical.
Termination for insufficient insurance coverage clause
This clause allows termination if one party fails to maintain required insurance.
Either party may terminate this agreement immediately if the other party fails to maintain the insurance coverage required under the terms of this agreement.
Termination for loss of proprietary rights clause
This clause allows termination if intellectual property or proprietary rights are invalidated.
Either party may terminate this agreement with immediate effect if the intellectual property or proprietary rights essential to this agreement are invalidated or rendered unenforceable.
Termination for continuous underperformance clause
This clause focuses on repeated failure to meet performance standards over time.
Either party may terminate this agreement if the other party consistently fails to meet performance standards outlined in this agreement over a period of [insert number] months.
Termination for inadequate staffing clause
This clause allows termination if one party fails to maintain sufficient personnel to fulfill obligations.
Either party may terminate this agreement with written notice if the other party fails to maintain adequate staffing levels required to perform its obligations under this agreement.
Termination for lack of progress clause
This clause allows termination if the agreement's objectives are not progressing as intended.
Either party may terminate this agreement if significant progress toward the agreed-upon objectives has not been made within [insert number] days, despite reasonable efforts by both parties.
Termination for unreasonable demands clause
This clause permits termination if one party imposes unreasonable requirements or conditions.
Either party may terminate this agreement immediately if the other party makes demands or imposes conditions that materially deviate from the terms of this agreement.
Termination for non-delivery clause
This clause allows termination if a party repeatedly fails to deliver agreed goods or services.
Either party may terminate this agreement with written notice if the other party fails to deliver the agreed goods or services on [insert number] or more occasions within [insert timeframe].
Termination for lack of participation clause
This clause permits termination if one party fails to attend required meetings or provide necessary input.
Either party may terminate this agreement with written notice if the other party fails to participate in [insert number] or more mandatory meetings or provide necessary input critical to the agreement's execution.
Termination for breach of partnership obligations clause
This clause focuses on partnership agreements where obligations are not met.
Either party may terminate this agreement immediately if the other party fails to meet the obligations or responsibilities outlined under the partnership terms.
Termination for harm to competitive position clause
This clause allows termination if the agreement materially harms a party’s market position.
Either party may terminate this agreement if the terms or continued execution of this agreement materially harm its competitive position in the marketplace.
Termination for lack of timely approvals clause
This clause permits termination if approvals or authorizations are delayed.
Either party may terminate this agreement if required approvals, authorizations, or consents are not granted within [insert number] days of submission or request.
Termination for incomplete obligations clause
This clause allows termination for failure to fulfill contractual commitments.
Either party may terminate this agreement if the other party does not fulfill all obligations outlined in Schedule [insert reference] within [insert timeframe].
Termination for irreconcilable disagreement clause
This clause permits termination if disputes between parties cannot be resolved amicably.
Either party may terminate this agreement with written notice if an irreconcilable disagreement arises, and both parties agree that resolution is unattainable.
Termination for conflict with public commitments clause
This clause focuses on termination if the agreement conflicts with a party's public obligations or commitments.
Either party may terminate this agreement immediately if its terms conflict with any public commitments, legal obligations, or corporate policies of that party.
Termination for excessive compliance burden clause
This clause allows termination if compliance requirements become overly burdensome.
Either party may terminate this agreement if fulfilling the compliance obligations required under applicable laws or regulations becomes unreasonably burdensome or costly.
Termination for non-payment of ancillary costs clause
This clause permits termination if secondary costs associated with the agreement are not paid.
Either party may terminate this agreement with immediate effect if the other party fails to pay any ancillary costs, such as reimbursable expenses or administrative fees, within [insert number] days of invoicing.
Termination for disruptive behavior clause
This clause allows termination if one party engages in conduct that disrupts the agreement’s purpose.
Either party may terminate this agreement immediately if the other party engages in behavior that significantly disrupts the execution or purpose of this agreement.
Termination for breach of exclusivity rights clause
This clause permits termination if exclusivity terms are violated.
Either party may terminate this agreement immediately if the other party breaches the exclusivity rights granted under this agreement.
Termination for failure to mitigate damages clause
This clause allows termination if one party fails to take reasonable steps to mitigate losses or damages.
Either party may terminate this agreement if the other party fails to take reasonable actions to mitigate damages arising from a breach or external event.
Termination for misallocation of funds clause
This clause permits termination if funds provided under the agreement are misused.
Either party may terminate this agreement with immediate effect if the other party is found to have misallocated or misused funds provided under the terms of this agreement.
Termination for legal non-compliance clause
This clause allows termination if the agreement becomes non-compliant with legal standards.
Either party may terminate this agreement immediately if its continuation would result in non-compliance with applicable laws, regulations, or court orders.
Termination for failure to meet deadlines clause
This clause focuses on strict adherence to timelines for key deliverables.
Either party may terminate this agreement if the other party repeatedly fails to meet deadlines for key deliverables as outlined in Schedule [insert reference].
Termination for excessive administrative overhead clause
This clause permits termination if administrative burdens outweigh the benefits of the agreement.
Either party may terminate this agreement if the administrative overhead required to maintain the agreement exceeds the anticipated benefits, making the agreement impractical to continue.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.