Common use of Contract Termination Procedures Clause in Contracts

Contract Termination Procedures. 13.6.1. The Party that requests to terminate the Contract or has the right to terminate the Contract must send to the other Party a Notice of [Contract Termination], expressing the reason for termination, termination time, termination conditions and other requirements for the other Party. 13.6.2. In case the Contract terminates upon expiration without an agreement to extend or terminate the Contract before the term agreed upon by the Parties, the Contract Liquidation Minutes is a mandatory procedure to terminate the Contract.