Cancellation of This Contract by You Clause Samples

The "Cancellation of this Contract by You" clause outlines the conditions under which the customer or contracting party may terminate the agreement before its natural end. Typically, this clause specifies the required notice period, any fees or penalties that may apply, and the process for notifying the other party of the cancellation. For example, it may allow cancellation with 30 days' written notice and require payment of any outstanding amounts. The core function of this clause is to provide a clear and fair mechanism for the customer to exit the contract, thereby managing expectations and reducing disputes over early termination.
Cancellation of This Contract by You. You may cancel this Contract and withdraw your student at any time by providing written notice to the School’s Business Office. Please include the name and grade of your student in your notice. Your financial obligations depend upon the timing of your cancellation of the Contract. You agree to the following unconditional payment terms (please check the box to acknowledge your agreement): If you give written notice before 5:00 PDT May 1 of the preceding academic year, then you are obligated to pay the 10% non-refundable deposit but no additional tuition. If you give written notice before the first day of school, but after 5:00 PDT May 1 of the preceding academic year, then you are obligated to pay the 10% non-refundable deposit and 30% of the remaining tuition. If you give written notice on or after the first day of the academic year, then you are obligated to pay the full amount of the tuition. □ By checking this box, you acknowledge that you understand and agree to this obligation. YOU UNDERSTAND THAT THERE WILL BE NO REFUND OR RELIEF FROM ANY PORTION OF THE ENTIRE ANNUAL TUITION FOR ANY REASON IF WRITTEN NOTICE OF WITHDRAWAL OF YOUR STUDENT, STATING NAME AND GRADE, IS NOT MADE IN WRITING TO THE BUSINESS OFFICE BEFORE THE FIRST DAY OF THE ACADEMIC YEAR. SINCE DAMAGE TO THE SCHOOL DUE TO SUCH A WITHDRAWAL WOULD BE DIFFICULT TO DETERMINE, YOU AGREE TO PAY THE ANNUAL TUITION AS LIQUIDATED DAMAGES IN THE EVENT OF WITHDRAWAL ON OR AFTER THE FIRST DAY OF THE ACADEMIC YEAR, REGARDLESS OF WHETHER THE STUDENT IS WITHDRAWN, ABSENT, DISMISSED OR OTHERWISE CEASES TO ATTEND THE SCHOOL FOR ALL OR A PORTION OF THE SCHOOL YEAR, AND REGARDLESS WHETHER NORTHWEST ACADEMY IS ABLE TO FILL THE SPACE IN YOUR STUDENT’S GRADE. Furthermore, you understand and agree that the School cannot and does not guarantee the academic or social success or readiness of any individual student.
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Cancellation of This Contract by You 
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Related to Cancellation of This Contract by You

  • Termination of this Contract Either party may terminate this contract by a 30-day written notice to the other party. Upon termination, the Purchaser’s liability shall be limited to the services provided by the Provider up to the date of termination. If the Purchaser terminates the contract for reasons other than non-performance by the Provider, the Purchaser may compensate the Provider for an amount determined by mutual agreement of both parties. This contract or any part thereof may be terminated immediately by either party for just cause, including, but not limited to, health and safety issues, fraud, criminal activity, violations of license or certification standards.

  • Termination of this Agreement (a) The Representative shall have the right to terminate this Agreement by giving notice to the Company as hereinafter specified at any time at or prior to the Closing Date or any Option Closing Date (as to the Option Shares to be purchased on such Option Closing Date only), if in the discretion of the Representative, (i) there has occurred any material adverse change in the securities markets or any event, act or occurrence that has materially disrupted, or in the opinion of the Representative, will in the future materially disrupt, the securities markets or there shall be such a material adverse change in general financial, political or economic conditions or the effect of international conditions on the financial markets in the United States is such as to make it, in the judgment of the Representative, inadvisable or impracticable to market the Shares or enforce contracts for the sale of the Shares (ii) trading in the Company’s Common Stock shall have been suspended by the Commission or Nasdaq or trading in securities generally on Nasdaq, the NYSE or the NYSE American shall have been suspended, (iii) minimum or maximum prices for trading shall have been fixed, or maximum ranges for prices for securities shall have been required, on Nasdaq, the NYSE or NYSE American, by such exchange or by order of the Commission or any other governmental authority having jurisdiction, (iv) a banking moratorium shall have been declared by federal or state authorities, (v) there shall have occurred any attack on, outbreak or escalation of hostilities or act of terrorism involving the United States any declaration by the United States of a national emergency or war, any substantial change or development involving a prospective substantial change in United States or other international political, financial or economic conditions or any other calamity or crisis, or (vi) the Company suffers any loss by strike, fire, flood, earthquake, accident or other calamity, whether or not covered by insurance, or (vii) in the judgment of the Representative, there has been, since the time of execution of this Agreement or since the respective dates as of which information is given in the Registration Statement, the Time of Sale Disclosure Package or the Final Prospectus, any material adverse change in the assets, properties, condition, financial or otherwise, or in the results of operations, business affairs or business prospects of the Company, whether or not arising in the ordinary course of business. Any such termination shall be without liability of any party to any other party except that the provisions of Section 5(a)(viii) and Section 7 hereof shall at all times be effective and shall survive such termination. (b) If the Representative elect to terminate this Agreement as provided in this Section 9, the Company and the other Underwriters shall be notified promptly by the Representative by telephone, confirmed by letter. (c) If this Agreement is terminated pursuant to any of its provisions, the Company shall not be under any liability to any Underwriter, and no Underwriter shall be under any liability to the Company, except that (y) subject to a maximum reimbursement of $145,000, the Company will reimburse the Representative only for all actual, accountable out-of-pocket expenses (including the reasonable fees and disbursements of its counsel) reasonably incurred by the Representative in connection with the proposed purchase and sale of the Securities or in contemplation of performing their obligations hereunder and (z) no Underwriter who shall have failed or refused to purchase the Securities agreed to be purchased by it under this Agreement, without some reason sufficient hereunder to justify cancellation or termination of its obligations under this Agreement, shall be relieved of liability to the Company, or to the other Underwriters for damages occasioned by its failure or refusal.

  • EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT This Contract shall become effective upon its execution, and shall remain in full force and effect continuously thereafter (unless terminated automatically as set forth in Section 4) until terminated as follows: (a) Either party hereto may at any time terminate this Contract by not more than sixty days' written notice delivered or mailed by registered mail, postage prepaid, to the other party, or (b) If (i) the Trustees of the Trust or the shareholders by the affirmative vote of a majority of the outstanding shares of the Fund, and (ii) a majority of the Trustees of the Trust who are not interested persons of the Trust or of the Manager, by vote cast in person at a meeting called for the purpose of voting on such approval, do not specifically approve at least annually the continuance of this Contract, then this Contract shall automatically terminate at the close of business on the second anniversary of its execution, or upon the expiration of one year from the effective date of the last such continuance, whichever is later; provided, however, that if the continuance of this Contract is submitted to the shareholders of the Fund for their approval and such shareholders fail to approve such continuance of this Contract as provided herein, the Manager may continue to serve hereunder in a manner consistent with the Investment Company Act of 1940 and the rules and regulations thereunder. Action by the Trust under (a) above may be taken either (i) by vote of a majority of its Trustees, or (ii) by the affirmative vote of a majority of the outstanding shares of the Fund. Termination of this Contract pursuant to this Section 5 shall be without the payment of any penalty.

  • Variation of this Agreement ‌ This Agreement may be varied during its term by agreement in writing by the parties subject to the ratification process of the Union.

  • Construction of this Agreement The Parties agree that each Party and its legal counsel have reviewed and revised this Agreement and that any rule of construction to the effect that ambiguities are to be resolved against the drafting Party shall not apply in the interpretation of this Agreement or any amendments or exhibits thereto.